3710 Shawnee RdLima, OH 45806

Property Details for 3710 Shawnee Rd

Year built

2006

Lot size

1.89 AC

Property size (Sq ft)

15,102 SF

Property type

Retail properties

Property subtype

Retail space

APN

46-2205-04-007.000

APU

46220504007000

Description

This exceptional 15,102 square foot retail property, formerly a Rite Aid, presents a unique investment opportunity in Lima, Ohio. Built in 2006, the single-story building sits on a 1.89-acre lot within a Class II Business District, offering ample space and potential for various uses. The property boasts 59 parking spaces and convenient curb cuts on Shawnee Rd. ensuring easy ingress and egress. Its strategic location at a major intersection provides excellent visibility and accessibility, benefiting from high traffic volume on both Shawnee Rd. (3,866 vehicles per day in 2023) and nearby W. Breese Rd. (8,255 vehicles per day in 2024). The property's well-maintained exterior complements its spacious interior, making it an attractive option for a variety of retail businesses. The property's APN is 46-2205-04-007.000. The surrounding area features a mix of established businesses, including grocery stores, restaurants, and service providers, creating a vibrant commercial environment. This NNN leased, single-tenancy property offers a compelling opportunity for investors seeking a strong foothold in a thriving Lima market. The property is zoned for Class II Business District use.

• CAP approach

  CAP return

  Valuation

  6%

  $4,259,830

  6.5%

  $3,932,150

  7%

  $3,651,282

• Comparable approach

  Method

  Valuation

  Relative Method

  $749,343

  Geo Method

  $749,343

• Alternative Use

  Use

  Valuation

  Residential

  $3,316,916

  Hospitality

  $3,038,277

  Educational

  $2,527,811

  Medical

  $2,614,746

  Retail

  $3,932,150

Location Insight

City

Lima

County

Allen

State

Ohio

Latitude

40.686

Longitude

-84.1516

CBSA code

30620

CBSA name

LIMA, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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