990 Robb AveLima, OH 45801

For Sale
$2,198,000

15,501 SF Special Purpose Building

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 15,501 square foot special purpose property, located at 990 W Robb Ave, Lima, Ohio 45801, is offered at $2,198,000. The single-story, 1990-built building sits on a 0.59-acre lot (APN 36-2411-02-004.00) and features a 14-foot ceiling height. Currently operating at 100% occupancy with two units, the property is zoned for hospital use. The building boasts 15,501 square feet of net rentable space, resulting in a price per square foot of $141.80. The current occupancy is expected to continue until July 31, 2024. This property is part of a larger portfolio of five HUD housing units, offering potential for individual or package purchase. The property has a history of operation as HUD housing since its construction and benefits from Section 8 terms extending through 2033. Detailed information is available upon request. This is a unique opportunity to acquire a well-maintained, income-producing asset in a desirable location.

Highlights

  • HUD-approved Section 8 housing with terms extending through 2033.

Property Details for 990 Robb Ave

Property type
Other specialty properties, Specialty properties
Square Feet
15,501 SF
Year Built
1990
Buildings
1
Stories
1
Lot Size (sq. ft)
25,700 SF
Units
2

Location Insight

City
Lima
County
Allen
State
Ohio
Latitude
40.7600149791
Longitude
-84.122157236183
990 Robb Ave, Lima, Ohio

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990 Robb Ave
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