2450 Mandolin Dr Lima, OH 45801

This Class A, 17,542 square foot multifamily property located at 2450 Mandolin Drive, Lima, Ohio, is offered at $1,400,000 ($79.81/SF). Built in 1984 and renovated in 1999, this single-story building sits on a 3.2-acre lot and offers 150 parking spaces per 1,000 square feet. Currently operating at 100% occupancy with a long-term tenant, the property is zoned for commercial use and is ideal for various multi-housing needs. The property has a history of use as housing for persons with disabilities, leased at $10,000 per month NNN on a year-to-year basis. An attractive investment opportunity is further enhanced by the availability of an additional 2 acres of adjacent land for purchase at $140,000, providing potential for future expansion. The property's Allen County location in a quiet Northside neighborhood offers a stable and desirable setting. This institutional-grade investment, classified as Federal Housing, presents a compelling opportunity for growth and strong returns. The APN is 36-2406-02-044.00.