311 Market StLima, OH 45801

This exceptional four-story commercial office building, located at 311 E Market St in Lima, Ohio, presents a compelling investment opportunity. Boasting 43,644 square feet, the property offers a substantial footprint in a revitalizing downtown area. Built in 1920 and renovated in 1970, the building benefits from long-term tenants, generating a monthly revenue exceeding $20,000 and a strong net operating income (NOI) of $250,000, resulting in an attractive 13.89% capitalization rate. The asking price is $1,800,000, translating to $41.24 per square foot. The property is zoned for commercial and retail use, providing flexibility for future development. Ample parking is available on-site, complemented by a large rear lot with potential for future construction. Lima's downtown is experiencing significant growth, fueled by investments in medical facilities, educational institutions, a civic and convention center, and a new amphitheater. This presents a unique chance to acquire a well-established asset in a thriving urban core. The property's solid financial performance, coupled with the potential for expansion and its location within a dynamic and growing city, makes it an ideal investment for discerning buyers.