For Sale
$189,000

0 Brower Rd And Molly AveLima, OH 45801

12.96 Acres, Class III Zoning, High Demand

Overview

Added:
Dec 11, 2024
Days on market:
114
This ±12.96-acre parcel in Lima, Ohio, presents a compelling multifamily development opportunity. Located on Brower Rd and Molly Ave, in Allen County, zip code 45801 (40.7696525, -84.1251633), this property is zoned for Class III residential apartments, aligning perfectly with Lima's current rental housing shortage. Its strategic location offers convenient access to I-75 and is within ten minutes of downtown Lima, placing it near major employers and educational institutions. The site is surrounded by high-occupancy apartment complexes, indicating strong market demand. The property's location within a Qualified Census Tract (QCT) may present opportunities for public-private partnerships with the city. Considerable recent investment in Lima (over $2 billion in the last two years) further underscores the area's growth potential. This site represents a significant opportunity to capitalize on Lima's thriving real estate market and contribute to the city's ongoing development. The Elida school district serves this area.

Highlights

  • $189,000 asking price for 12.96 acres of land.
  • Class III Residential Apartment zoning.
  • Convenient access to I-75 and ten minutes from downtown Lima.
  • Surrounded by high-occupancy apartment complexes, capitalizing on Lima's rental housing shortage.
  • Excellent proximity to employment and education hubs.
  • Located in a Qualified Census Tract (QCT).

Property Details for 0 Brower Rd And Molly Ave

Property type
Land
Lot Size (sq. ft)
564,538 SF

Location Insight

City
Lima
County
Allen
State
Ohio
Latitude
40.7696525
Longitude
-84.1251633
Brower Rd And Molly Ave, Lima, Ohio

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0 Brower Rd And Molly Ave
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