2450 Allentown RdLima, OH 45805

Property Details for 2450 Allentown Rd

Lot size

5.75 AC

Property type

Retail properties

Property subtype

Other retail properties

APN

36-2704-01-003.004

APU

36270401003004

Description

This exceptional 1.02-acre commercial land parcel presents a prime investment opportunity in Lima, Ohio. Located at 2450 Allentown Rd, this corner outlot boasts ±135 feet of frontage at a signalized intersection, ensuring high visibility and accessibility. The property's Class II Business Wholesale zoning allows for a wide range of commercial uses. Its strategic location within a thriving retail environment, surrounded by established national retailers, guarantees significant foot traffic and brand recognition. The site benefits from its proximity to major employers such as Mercy Health, Lima Memorial, Ford, P&G, and General Dynamics, as well as the University of Northwestern Ohio (approximately 14,000 students) and St. Rita's Medical Center (within 10 minutes). This combination of factors creates a compelling opportunity for businesses seeking a high-traffic location with strong demographics and excellent access to a large consumer base. The property is situated in Allen County, Ohio, with a 45805 zip code. This is a rare opportunity to acquire a well-positioned commercial land parcel in a dynamic and growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $70,650,216

  6.5%

  $65,215,584

  7%

  $60,557,328

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,428,021

  Geo Method

  $12,428,021

• Alternative Use

  Use

  Valuation

  Residential

  $55,011,784

  Hospitality

  $50,390,500

  Educational

  $41,924,304

  Medical

  $43,366,144

  Retail

  $65,215,584

Location Insight

City

Lima

County

Allen

State

Ohio

Latitude

40.7509

Longitude

-84.1523

CBSA code

30620

CBSA name

LIMA, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].