Property summary
This exceptional retail opportunity presents a 14,565 square foot former Rite Aid building situated on a 2.06-acre lot in Lima, Ohio. Located at 3230 W Elm St, 45805, this single-tenant property offers significant potential for redevelopment or repurposing. The entire building is currently vacant, providing immediate occupancy for a new tenant. The substantial square footage and expansive land area offer flexibility for a variety of retail uses, potentially including but not limited to, grocery stores, pharmacies, or other large-format retail establishments. The property's prominent location along W Elm St ensures high visibility and accessibility for customers. Its strategic placement within Lima provides access to a substantial consumer base. This is a rare chance to acquire a sizable, well-located retail property in a growing market. The property's size and location make it an attractive investment for businesses seeking to establish a strong presence in the Lima area. Serious inquiries are encouraged to explore the possibilities this prime retail space offers. The property is ready for immediate occupancy and offers a blank canvas for a new business venture. Detailed site plans and further information are available upon request.
Property profile
VerifiedCap rate & NOI
Current use
-
Pharmacy
-
Crypto Atm Atm
-
Pharmacy
-
Physician
-
Bank Credit Union
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.