506 Market St Lima, OH 45801
Property profile & analytics
506 Market St Lima, OH 45801
- Automotive properties
- 3,340 SF
- 0.48 lot acres
Property ID
US66-1884122
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Ida M. Mooney, BS / Pharmacy
- Rite Aid Pharmacy / Pharmacy
- Rhonda S. French, RPH / Pharmacy
- Rite Aid / Pharmacy
- Dave's Reliable Motors / Auto Repair Shop
Property Details for 506 Market St
- Year built
- 1949
- Lot size
- 0.48 lot acres
- Property size
- 3,340 SF
- Property type
- Automotive properties
- APN
- 37-3108-08-020.000
- APU
- 37310808020000
Description
This exceptional 15,102-square-foot retail space, located at 506 W Market St in Lima, Ohio, presents a unique investment opportunity. Built in 2005, this single-story building sits on a 1.6-acre lot and boasts a highly desirable location within Lima's medical center submarket, ensuring high traffic and visibility. The property is zoned commercial and features ample parking with 150 spaces available. The entire building is currently vacant, offering immediate occupancy for a single tenant. The property's power supply includes 220/440 voltage, suitable for a variety of businesses. Its ideal location makes it suitable for a wide range of uses, including retail stores, medical offices, or service companies. The Allen County location, with APN 36-3608--03-018.001, offers easy access to major roadways and a strong local economy. This property represents a rare chance to acquire a substantial, well-located retail space in a thriving medical center area. The single-tenant occupancy simplifies management and maximizes potential rental income. Don't miss this opportunity to establish your business in a prime location. The property's size and features make it an attractive option for a variety of businesses seeking a prominent presence in Lima, Ohio.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.0987
- Latitude
- 40.7396
- CBSA code
- 30620
- CBSA name
- LIMA, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,605
$6,720
$30,490
$37,210
-
$19,200
$87,100
$106,300
