1495 Findlay RdLima, OH 45801

Property Details for 1495 Findlay Rd

Year built

1970

Lot size

0.55 AC

Property size (Sq ft)

1,176 SF

Property type

Retail properties

Property subtype

Gas stations

APN

37-2900-02-010.000

APU

37290002010000

Description

This 1,176-square-foot industrial building, situated on a 0.55-acre lot in Lima, Ohio, presents a unique investment opportunity. Built in 1970, this single-story Class D property is currently vacant and ready for immediate occupancy. The building is ideally located less than half a mile from I-75 on Findlay Rd, benefiting from excellent highway access and proximity to growing industrial businesses. Its strategic location across from a major limestone quarry further enhances its potential. The property features ample parking for 14 vehicles and a 146-foot frontage. This versatile space is suitable for various uses, including a truck service station or quick-service restaurant (QSR). The property's annual real estate taxes are $1,455, or $121.25 monthly. The annual lease rate is $25,455, translating to a monthly rent of $2,121.25. The Allen County property is identified by APN 37-29-00-02-010.000. This is a single-tenant property with significant potential for growth in a developing area. The property's previous use was as a service station.

• CAP approach

  CAP return

  Valuation

  6%

  $331,715

  6.5%

  $306,198

  7%

  $284,327

• Comparable approach

  Method

  Valuation

  Relative Method

  $58,352

  Geo Method

  $58,352

• Alternative Use

  Use

  Valuation

  Residential

  $258,290

  Hospitality

  $236,592

  Educational

  $196,842

  Medical

  $203,612

  Retail

  $306,198

Location Insight

City

Lima

County

Allen

State

Ohio

Latitude

40.7547

Longitude

-84.0834

CBSA code

30620

CBSA name

LIMA, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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