990 Robb Ave Lima, OH 45801
- Commercial real estate
- 15,501 SF
- 0.59 lot acres
Current Use by Public Records
- Arc 3rd Housing Corporation / Housing Authority
Property Details for 990 Robb Ave
- Year built
- 1990
- Lot size
- 0.59 lot acres
- Property size
- 15,501 SF
- Property type
- Commercial real estate
- APN
- 36-2411-02-004.00
Description
This exceptional 15,501 square foot special purpose property, located at 990 W Robb Ave, Lima, Ohio 45801, is offered at $2,198,000. The single-story, 1990-built building sits on a 0.59-acre lot (APN 36-2411-02-004.00) and features a 14-foot ceiling height. Currently operating at 100% occupancy with two units, the property is zoned for hospital use. The building boasts 15,501 square feet of net rentable space, resulting in a price per square foot of $141.80. The current occupancy is expected to continue until July 31, 2024. This property is part of a larger portfolio of five HUD housing units, offering potential for individual or package purchase. The property has a history of operation as HUD housing since its construction and benefits from Section 8 terms extending through 2033. Detailed information is available upon request. This is a unique opportunity to acquire a well-maintained, income-producing asset in a desirable location.
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
- -84.122157236183
- Latitude
- 40.7600149791
