501 Cole StLima, OH 45805

Property Details for 501 Cole St

Year built

1920

Lot size

0.11 AC

Property size (Sq ft)

5,320 SF

Property type

Retail properties

Property subtype

Retail space

APN

36-2612-15-018.000

APU

36261215018000

Description

This exceptional opportunity presents the chance to acquire the thriving Delight Cafe, a turnkey business located at 501 N Cole Street Unit 501, Lima, OH. The sale price of $199,900 includes not only the real estate but also all essential equipment, necessary licenses, the established business name, and valuable goodwill. This represents a significant advantage for a prospective buyer, eliminating the considerable time and expense associated with setting up a new business from scratch. The property comprises two parcels, ensuring ample space for the cafe operation and convenient customer parking. The existing cafe is operational and ready for immediate ownership transition. This is a rare opportunity to acquire a profitable, established business with all assets included, minimizing the risk and maximizing the potential for immediate return on investment. The sale includes everything needed to continue operations seamlessly, allowing the new owner to focus on growth and expansion. Serious inquiries are encouraged to explore this unique and lucrative business acquisition. Financial details and further information are available upon request. Don't miss this chance to own a well-established and profitable cafe in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,500,615

  6.5%

  $1,385,184

  7%

  $1,286,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $263,972

  Geo Method

  $263,972

• Alternative Use

  Use

  Valuation

  Residential

  $1,168,454

  Hospitality

  $1,070,298

  Educational

  $890,475

  Medical

  $921,100

  Retail

  $1,385,184

Location Insight

City

Lima

County

Allen

State

Ohio

Latitude

40.7452

Longitude

-84.128

CBSA code

30620

CBSA name

LIMA, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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