701 Vine StLima, OH 45804

Property Details for 701 Vine St

Year built

1922

Lot size

5.16 AC

Property size (Sq ft)

47,368 SF

Property type

Warehouses

APN

46-0108-04-001.000

APU

46010804001000

Description

This exceptional 150,000-square-foot manufacturing facility, located at 701 W. Vine Street in Lima, Ohio, presents a compelling investment opportunity. Built in 1940 and situated on a large fenced lot, the property boasts a desirable Second Industrial Heavy zoning permit. The asking price is $1,900,000, translating to a competitive price per square foot of $12.67. Currently fully leased, this income-producing asset offers a strong 8% capitalization rate, making it an attractive addition to any portfolio. The building features impressive ceiling heights ranging from 12 to 20 feet, providing ample space for various manufacturing operations. Its strategic location in Allen County, Ohio, with the address 701 W Vine St, Lima, OH 45804 (40.7257524, -84.1152958), offers excellent access to transportation networks and a skilled workforce. This property is ideal for investors seeking a stable, high-yield industrial asset with significant long-term potential. The substantial size and versatile zoning make it suitable for a wide range of manufacturing uses. Don't miss this chance to acquire a fully leased, income-generating property with a proven track record and significant upside.

• Alternative Use

  Use

  Valuation

  Residential

  $10,403,634

  Hospitality

  $9,529,673

  Educational

  $7,928,576

  Medical

  $8,201,252

  Retail

  $12,333,340

Location Insight

City

Lima

County

Allen

State

Ohio

Latitude

40.7254

Longitude

-84.1155

CBSA code

30620

CBSA name

LIMA, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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