About This Home
Half of this 11,624-square-foot commercial building is currently leased through December 2028, providing monthly rental income of $2,500. Located in downtown Lima, Ohio, the property offers a commercial investment opportunity with a remaining leased portion and additional building space.
Built in 1940, the building includes central air conditioning and natural gas forced-air heating. The property is listed at $285,000 and is configured as a commercial property rather than a residential home, with no bedrooms or bathrooms listed. Its substantial size supports a range of potential commercial uses, subject to applicable requirements and approvals.
The existing lease, current rental income, original construction year, and mechanical systems provide key details for evaluating the property. With 11,624 square feet under one roof, this downtown Lima property combines an established commercial structure with existing tenancy and defined lease timing.
Key Features
- Built in 1940
Property Details
Amenities
Nice Commercial investment property in downtown Lima. 11,624 sq. ft. Half of the building is currently leased through December of 2028. Current monthly rental income $2,500.00 .
Monthly Cost Estimate
$1,524/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
502 W High Street
Lima, OH 45801
Property Details
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 502 W High Street is listed at $285,000 ($25/sqft). The estimated monthly payment is $1,524 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1940.
This property is listed by Gregory Stolly and can be reached at 4193021890.
