701 Vine StLima, OH 45804

For Sale
$1,900,000

150,000 SF, Fully Leased, 8% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • 100% Occupancy
  • Strong Cash Flow
  • 8% Cap Rate
  • Spacious, fenced yard

Property Details for 701 Vine St

Property type
Other industrial properties, Manufacturing properties
Square Feet
150,000 SF
Year Built
1940

Location Insight

City
Lima
County
Allen
State
Ohio
Latitude
40.7257524
Longitude
-84.1152958
701 Vine St, Lima, Ohio

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701 Vine St
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