Property profile

418 Market St W Lima, OH 45801

FOR SALE
Commercial land
Property ID
US66-2520597
26,456 SF 0.46 ac lot Built 1964
Individually Owned 9-yr Hold ~ Est. High Equity
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418 Market St W, Lima, OH 45801 For Sale
Contact for pricing 26,456 SF
418 Market St W, Lima, OH 45801
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Property summary

AI-generated overview

This exceptional 45801 Lima, Ohio commercial land parcel, located at 418 Market W. St., presents a unique opportunity for development. Priced at $150,000, this property is zoned for commercial use, offering significant potential for a variety of businesses. Previously improved with a building that has since been removed, the site is now a clean slate ready for your vision. The land is situated in Allen County, Ohio, providing convenient access to local amenities and transportation routes. Its location at 40.73964 latitude and -84.099235 longitude offers excellent visibility and accessibility. The property's commercial zoning allows for a wide range of development possibilities, making it an ideal investment for entrepreneurs and developers seeking a strategic location in a thriving Ohio market. This is a rare chance to acquire a cleared commercial lot in a desirable area, ready for immediate development. The asking price reflects the land's value and potential, presenting a compelling investment opportunity. All necessary utilities are available to the site. Don't miss this chance to secure this prime commercial land and build your future. Contact us today to learn more and schedule a site visit.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1964
Total area 26,456 SF
Lot 0.46 ac (19,994 SF)
APN 36-3608-02-004.000
UPID US66-2520597

Cap rate & NOI

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

Location

418 Market St W Lima, OH 45801
Lima metro Census 14100 LIMA, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$808k
Blend (final) Blend
$705k

Owner & transaction history

since 2017
4 recorded transactions
2017
$105,000
2017
Price N/A
2016
Price N/A
2013
$60,600

Zoning & alternative use

Top alternative use upside
Industrial (general) $765,000 +4.5%

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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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