Technical
Financial
Distress signals
Property profile

318 Main St Lima, OH 45801

OFF-MARKET
Turn key restaurants
Property ID
US66-6015049
7,000 SF 0.18 ac lot Built 1900
Entity Owned 8-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional opportunity presents a thriving restaurant and bar located in the heart of downtown Lima, Ohio. The property boasts a substantial 3,800 square feet of space, ideal for a variety of culinary and entertainment ventures. Situated on a 0.09-acre lot, the building offers ample room for both indoor and potentially outdoor seating, depending on zoning regulations. The current setup is perfectly suited for a restaurant and bar operation, but the versatile layout could accommodate other commercial uses subject to necessary permits and approvals. The asking price for this turnkey business and real estate package is $450,000. Financial records are available upon request, providing a comprehensive overview of the business's performance and profitability. This is a rare chance to acquire an established business with significant potential for growth in a vibrant downtown area. The property's central location provides easy access to a large customer base and benefits from high visibility and foot traffic. Serious inquiries are encouraged to explore this exciting investment opportunity further. All information provided is deemed reliable but not guaranteed and should be independently verified.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Total area 7,000 SF
Lot 0.18 ac (8,015 SF)
APN 37-3106-12-009.000
UPID US66-6015049

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor
  • Restaurant
  • Bar & Pub

Location

318 Main St Lima, OH 45801-4435
Lima metro Census 14100 LIMA, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2018
6 recorded transactions
2018
$105,000
2014
Price N/A
2008
$75,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 318 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message