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506 W Market St 15,102 SF Retail Building Lima, OH 45801 $2,000,000 ($132.43/SF)

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EXECUTIVE SUMMARY

Near downtown Lima,Ohio in the heart of Mercy Health-St Rita's Medical Center,Mercy Teaching College, Mercy Cancer Center, plus many other doctor's office. This location is made for medical usage and lens itself to either single use Lease or divided in three 5,000
SF units. Additionally it's great restaurant location to complement the 3 other new restaurants in downtown Lima. Other possible
usages could be automotive part store, retail store,or any service type business.This is Avery well maintained building, and is ready to move into. Prefect property for any small or lager investor.

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes - -
Operating Expenses - -

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,102 SF
Building Class
C
Year Built/Renovated
2005/2006
Price
$2,000,000
Price Per SF
$132.43
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.21
Lot Size
1.62 AC
Opportunity Zone
Yes
Zoning
commercial - any commercial type business
Frontage
175’ on market

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Dedicated Turn Lane
  • Security System
  • Signage
  • Drive Thru
  • Energy Performance Rating - A
  • Air Conditioning
  • Smoke Detector
Walk Score®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

The YMCA
Starbucks
Ruler Foods
Huntington National Bank
Curves

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
36-36-08-03-018.001
Land Assessment
$177,910
Improvements Assessment
$466,100
Total Assessment
$644,010
  • Listing ID: 32592431

  • Date on Market: 7/26/2024

  • Last Updated:

  • Address: 506 W Market St, Lima, OH 45801

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