4400 Elida Rd Lima, OH 45807

Property Details for 4400 Elida Rd

Lot size

2.00 lot acres

Property size

6,000 SF

Property type

Neighborhood centers

Property subtype

Retail space

Description

This exceptional 6,000 square foot retail property, situated on a 2-acre corner lot at 4400 Elida Rd in Lima, Ohio, presents a unique build-to-suit opportunity. The site boasts 405 feet of frontage on a signalized intersection with high visibility along State Route 309, experiencing 18,000 vehicles per day. This high-traffic area is the county's busiest east/west commute corridor, connecting Fort Wayne, Van Wert, and Delphos. The property is zoned commercial, permitting drive-thru uses and various other businesses, including professional offices, medical facilities, restaurants, and retail establishments. The customizable design allows for 1-4 tenants, with spaces ranging from 1,000 to 15,000 square feet, offering flexibility for various business needs. Utilities are already in place. The location benefits from a strong national brand trade area, including major retailers like Lowe's, Meijer, Menard's, and Kohl's, and is situated across from a new Casey's development. The area shows robust growth, with a low strip center vacancy rate (0.5%) and significant expansion in the healthcare and professional services sectors. Allen County's healthcare industry is 40% larger than the national average, and the area has experienced a remarkable 266% job growth in professional and scientific services. Lima's strategic location along I-75 and State Route 309, its proximity to several K-12 schools, and its low crime rate further enhance the property's appeal. This is an ideal investment opportunity in a thriving market.