701 Vine St, Lima, OH 45804
This exceptional 150,000-square-foot manufacturing facility, located at 701 W. Vine Street in Lima, Ohio, presents a compelling investment opportunity. Built in 1940 and situated on a large fenced lot, the property boasts a desirable Second Industrial Heavy zoning permit. The asking price is $1,900,000, translating to a competitive price per square foot of $12.67. Currently fully leased, this income-producing asset offers a strong 8% capitalization rate, making it an attractive addition to any portfolio. The building features impressive ceiling heights ranging from 12 to 20 feet, providing ample space for various manufacturing operations. Its strategic location in Allen County, Ohio, with the address 701 W Vine St, Lima, OH 45804 (40.7257524, -84.1152958), offers excellent access to transportation networks and a skilled workforce. This property is ideal for investors seeking a stable, high-yield industrial asset with significant long-term potential. The substantial size and versatile zoning make it suitable for a wide range of manufacturing uses. Don't miss this chance to acquire a fully leased, income-generating property with a proven track record and significant upside.
-
Plasticpak Pak Inc Factory Production Facility
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.