For Sale
$2,700,000

506 Market St Lima, OH 45801

High-traffic Lima, OH retail space. Excellent investment potential.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A retail property, located at 506 W Market St, Lima, OH 45801, offers 15,102 square feet of versatile space in a prime location. Built in 2006, this single-story building boasts a desirable location near downtown Lima, Ohio, and is situated in the heart of a thriving medical district, including Mercy Health - St. Rita's Medical Center, Mercy Teaching College, and Mercy Cancer Center, along with numerous other medical offices. The property's strategic placement makes it ideal for medical-related businesses, offering the potential for a single-tenant lease or division into three approximately 5,000 square foot units. Beyond medical uses, its high visibility and accessibility also make it suitable for a variety of other businesses, including restaurants (complementing three new downtown establishments), automotive parts stores, general retail, or service-oriented enterprises. The asking price is $2,700,000, translating to $178.78 per square foot. This well-maintained building presents a turnkey opportunity for investors seeking a strong return on investment, whether they are looking for a single large tenant or multiple smaller tenants. The property is ready for immediate occupancy.

Property Details for 506 Market St

Property type
Day care centers & nurseries, Retail properties
Square Feet
15,102 SF
Class
A
Year Built
2006
Buildings
1
Stories
1
Units
1

Location Insight

City
Lima
County
Allen
State
Ohio
Latitude
40.740626391849
Longitude
-84.110715913728

FAQs

What type of property is this?
Day care center & nursery - High-traffic Lima, OH retail space. Excellent investment potential.
Where is the day care center & nursery located?
The property is located at 506 Market St Lima, OH.
What is the asking price?
The asking price for this property is $2,700,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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506 Market St
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