770 High StLima, OH 45801

Property Details for 770 High St

Year built

1999

Lot size

2.78 AC

Property size (Sq ft)

101,362 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

36-3605-17-014.000

APU

36360517014000

Description

This exceptional medical office building, located at 770 W High St, Lima, OH 45801, offers 5 available suites ranging from 1,548 to 6,320 square feet. Situated within the Mercy Health - St. Rita's medical office complex, this handsome four-story building boasts a striking covered patient drop-off area leading to a spacious atrium. The classic lobby creates a professional atmosphere, while upper-floor lobbies feature balconies overlooking the atrium. Two hospital-grade elevators ensure convenient access to all floors. The building's strategic location on the second floor places it at the heart of the medical complex, directly connected via climate-controlled skyway bridges to a five-story parking garage and adjacent medical buildings, including Mercy Health - St. Rita's Hospital. Ample surface parking is available for patient and visitor convenience, with dedicated staff parking within the connected garage. This property presents a unique opportunity for medical professionals seeking a prestigious and well-connected location within a thriving healthcare environment. The building's design and amenities cater to both patients and staff, ensuring a seamless and efficient workflow. Multiple suite sizes are available to accommodate various practice needs.

• CAP approach

  CAP return

  Valuation

  6%

  $19,449,822

  6.5%

  $17,953,680

  7%

  $16,671,275

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,995,818

  Geo Method

  $1,995,818

• Alternative Use

  Use

  Valuation

  Residential

  $22,262,564

  Hospitality

  $20,392,390

  Educational

  $16,966,228

  Medical

  $17,549,724

  Retail

  $26,391,910

Location Insight

City

Lima

County

Allen

State

Ohio

Latitude

40.7421

Longitude

-84.1163

CBSA code

30620

CBSA name

LIMA, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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