3292 Elida Rd Lima, OH 45805-1249
- Community centers
- 12,096 SF
- 2.03 lot acres
Current Use by Public Records
- Aspen Dental - Lima, OH / Dentist
- Froning Geoffrey M DDS / Dentist
- Tippi Reddy Surender R DDS / Dentist
- Yu Ming DDS / Dentist
- Jinbo Chung / Dentist
Property Details for 3292 Elida Rd
- Year built
- 2010
- Lot size
- 2.03 lot acres
- Property size
- 12,096 SF
- Property type
- Community centers
- APN
- 36-2202-02-016.002
- APU
- 36220202016002
Description
This exceptional 0.76-acre commercial land parcel presents a unique ground lease opportunity in Allen County. Ideally situated near the intersection of Elida Road and Eastown Road, this site benefits from exceptional visibility and high traffic counts, boasting over 13,600 average vehicles per day (VPD) on Elida Road and over 8,300 VPD on Eastown Road. The property is conveniently located adjacent to a vibrant retail center featuring established businesses such as Chipotle, Five Guys, Verizon, and Aspen Dental, ensuring strong co-tenancy and increased customer traffic. This Meijer-anchored location offers a stable and attractive investment opportunity. The site is suitable for the construction of a building approximately 2,500 square feet, making it perfect for a variety of retail uses. This single-tenant opportunity provides a strong foundation for a successful business venture. The property's prime location and high traffic volume make it an exceptional investment prospect. Don't miss this chance to secure a highly visible and desirable retail location in a thriving commercial area. The site is zoned for commercial use and is ready for development. Further details are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,745,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,250,000
- 6.5%
- $4,600,000
- 7%
- $4,585,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,315,000
- Geo Method
- $3,695,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,940,000
- Retail
- $5,425,000
- Mixed-Use
- $5,145,000
- Hospitality
- $4,930,000
- Educational
- $4,100,000
- Residential Income
- $5,025,000
- Energy
- $4,610,000
- Income-Based Land
- $4,475,000
- Food Service
- $4,375,000
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.164
- Latitude
- 40.7705
- CBSA code
- 30620
- CBSA name
- LIMA, OH METROPOLITAN STATISTICAL AREA
