1327 Bellefontaine AveLima, OH 45804

Property Details for 1327 Bellefontaine Ave

Year built

1954

Lot size

0.82 AC

Property size (Sq ft)

4,087 SF

Property type

Hospitality properties

Property subtype

Motels

APN

37-3211-10-013.000

APU

37321110013000

Description

This exceptional 900,000 USD property at 1327 Bellefontaine Avenue, Unit 1327, Lima, Ohio, presents a unique investment opportunity. The land's value is the primary driver of the asking price, making it an attractive proposition for savvy investors seeking a strategic location. The property is situated in a high-traffic area, making it exceptionally well-suited for a wide range of commercial ventures. Potential uses include fast-food restaurants, retail establishments, or office spaces. The versatility of the site allows for significant adaptability to suit diverse business needs. Given its prime location and the absence of existing structures, the property offers a blank canvas for development, allowing for complete customization to meet specific business requirements. The seller is not disclosing business financials

• CAP approach

  CAP return

  Valuation

  6%

  $890,758

  6.5%

  $822,238

  7%

  $763,507

• Comparable approach

  Method

  Valuation

  Relative Method

  $189,112

  Geo Method

  $189,112

• Alternative Use

  Use

  Valuation

  Residential

  $897,645

  Hospitality

  $822,238

  Educational

  $684,092

  Medical

  $707,619

  Retail

  $1,064,144

Location Insight

City

Lima

County

Allen

State

Ohio

Latitude

40.7316

Longitude

-84.0806

CBSA code

30620

CBSA name

LIMA, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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