506 W Market St, Lima, OH 45801
For Lease
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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.
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Ida M. Mooney, BS Pharmacy
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Rite Aid Pharmacy Pharmacy
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Rhonda S. French, RPH Pharmacy
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Rite Aid Pharmacy
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Dave's Reliable Motors Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.