2101 Central Point PkwyLima, OH 45804

  • Land
  • 2.97 AC
For Sale
$1,135,000 View listing

Property Details for 2101 Central Point Pkwy

Lot size
2.97 AC
Property type
Land
Property subtype
Commercial land
APN
47-0700-04-012.000
APU
47070004012000

Description

This exceptional Class A redevelopment opportunity presents a vacant 8,320-square-foot auto shop situated on a 1.18-acre lot in Lima, Ohio. Built in 2019, the single-story building boasts a desirable M1 zoning designation, offering significant flexibility for various automotive-related or other permitted uses. The property is currently vacant, providing immediate possession subject to tenant rights, with a high likelihood of possession at closing. Located at 2101 Central Point Pkwy, Lima, OH 45804, this strategically positioned property offers excellent visibility and accessibility. The asking price is $1,135,000, translating to $136.42 per square foot. In addition to purchase, a lease option is available at $10.75 per square foot, triple net. This presents a unique chance to acquire a well-constructed, recently built property in a prime location, ideal for investors seeking a strong return on investment or entrepreneurs looking to establish a thriving automotive business. The property's size and zoning provide ample room for expansion or adaptation to suit a variety of commercial needs. Don't miss this chance to capitalize on this promising redevelopment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $28,414,738
    Hospitality
    $26,027,748
    Educational
    $21,654,780
    Medical
    $22,399,522
    Retail
    $33,685,216
2101 Central Point Pkwy, Lima, Ohio

Location Insight

City
Lima
County
Allen
State
Ohio
Latitude
40.7068
Longitude
-84.0908
CBSA code
30620
CBSA name
LIMA, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$863
$15,610
-
$15,610
-
$44,600
-
$44,600

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