For Sale
$1,400,000

3175 Elm StLima, OH 45805

Lima, OH: Turnkey Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional turnkey opportunity presents the Old Barn Restaurant & Banquet Center, a well-established Lima, Ohio business operating since 1969. Located on a 9.69-acre lot (4.69 acres undeveloped) at 3175 W Elm St, Lima, OH 45805, this property boasts a substantial 30,000 square foot building, built in 1985 and zoned C-1. The property includes a main floor for restaurant operations and a second story offering office space and potential for additional seating. The restaurant features a fully equipped kitchen with two large hoods, five walk-in coolers, and one walk-in freezer. Recent upgrades (2020) include a new patio, new flooring in the dining room, banquet room, and kitchen, and a new bar area. The building is equipped with a fire sprinkler system throughout and nine HVAC units. The current owner, Old Barn Outback Inc., is seeking retirement and has reduced involvement in banquet and wedding sales, presenting a significant opportunity for growth through increased marketing efforts. A one-year training period is available to ensure a smooth transition. The property's 2019 appraisal valued the land and building at $1 million, and annual property taxes are $13,984. The asking price is $1,400,000, with a price per square foot of $46.67. The property currently operates at 100% occupancy with nine units. Parcel number is 36-3410-02-006.001, located in Allen County, Ohio. This is a rare chance to acquire a thriving business with substantial growth potential in a prime location.

Highlights

  • Parcel Number: 36-3410-02-006.001
  • Owner: Old Barn Outback Inc.
  • Land Area: 9.69 acres (4.69 acres undeveloped)
  • County: Allen County
  • Annual Property Taxes: $13,984
  • 2019 Appraisal: $1,000,000 (land and building)

Property Details for 3175 Elm St

Property type
Retail properties, Restaurants
Square Feet
30,000 SF
Year Built
1985
Lot Size (sq. ft)
422,096 SF
Units
9

Location Insight

City
Lima
County
Allen
State
Ohio
Latitude
40.7350869
Longitude
-84.1631705
3175 Elm St, Lima, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3175 Elm St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message