For Sale
$189,000

Brower Rd And Molly Ave Lima, OH 45801

12.96 Acres, Class III Zoning, High Demand

Overview

Added:
Dec 11, 2024
Days on market:
135
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

FAQs

What type of property is this?
Land - 12.96 Acres, Class III Zoning, High Demand
Where is the land located?
The property is located at Brower Rd And Molly Ave Lima, OH.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: $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.
How can I contact the broker?
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0 Brower Rd And Molly Ave
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