318 Main StLima, OH 45801

Property Details for 318 Main St

Year built

1900

Lot size

0.18 AC

Property size (Sq ft)

7,000 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

37-3106-12-009.000

APU

37310612009000

Description

This exceptional opportunity presents a thriving restaurant and bar located in the heart of downtown Lima, Ohio. The property boasts a substantial 3,800 square feet of space, ideal for a variety of culinary and entertainment ventures. Situated on a 0.09-acre lot, the building offers ample room for both indoor and potentially outdoor seating, depending on zoning regulations. The current setup is perfectly suited for a restaurant and bar operation, but the versatile layout could accommodate other commercial uses subject to necessary permits and approvals. The asking price for this turnkey business and real estate package is $450,000. Financial records are available upon request, providing a comprehensive overview of the business's performance and profitability. This is a rare chance to acquire an established business with significant potential for growth in a vibrant downtown area. The property's central location provides easy access to a large customer base and benefits from high visibility and foot traffic. Serious inquiries are encouraged to explore this exciting investment opportunity further. All information provided is deemed reliable but not guaranteed and should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $1,974,494

  6.5%

  $1,822,610

  7%

  $1,692,423

• Comparable approach

  Method

  Valuation

  Relative Method

  $347,332

  Geo Method

  $347,332

• Alternative Use

  Use

  Valuation

  Residential

  $1,537,440

  Hospitality

  $1,408,286

  Educational

  $1,171,678

  Medical

  $1,211,974

  Retail

  $1,822,610

Location Insight

City

Lima

County

Allen

State

Ohio

Latitude

40.7433

Longitude

-84.1045

CBSA code

30620

CBSA name

LIMA, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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