701 W Vine St Lima, OH 45895
- Warehouses
- 47,368 SF
- 5.16 lot acres
Current Use by Public Records
- Plasticpak Pak Inc / Plastic Fabrication Company
Property Details for 701 W Vine St
- Year built
- 1922
- Lot size
- 5.16 lot acres
- Property size
- 47,368 SF
- Property type
- Warehouses
- APN
- 46-0108-04-001.000
- APU
- 46010804001000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.1155
- Latitude
- 40.7254
- CBSA code
- 30620
- CBSA name
- LIMA, OH METROPOLITAN STATISTICAL AREA
