516-518 N Main St - Storefront Retail/Residential FOR SALE


Lima, OH 45801
$295,000 USD
419-236-1135
516-518 N Main St, Lima, OH for Sale
$295,000 USD
Storefront Retail/Residential - FOR SALE
1/44
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NEW


516-518 N Main St
Lima, OH 45801


HIGHLIGHTS

  • Located in Lima's new State of Ohio designated ''Entertainment District''. D5-J Ohio Liqueur License available for $2,350 with purchase of the buildi
  • Remodeled/Improvements 2020 - 2025. Kitchen has been approved by the Allen County Health Dept
  • Bar and Kitchen fixtures & equipment and dining area tables and chairs included.

OVERVIEW

516-518 N Main St is located in Lima's new State of Ohio designated ''Entertainment District''. D5-J Ohio Liqueur License available for $2,350 with purchase of the building. Improvements include new roof and electric in 2020; new Gas Furnace, supplemental Heat Pump, Central AC Unit, and Water Heater in 2022. First floor has been remodeled with the removal of old plaster/drywall to expose the original brick walls and woodwork, drop ceilings were removed to restore the rooms to their original height, original hardwood flooring restored in the restaurant section, two newly remodeled bathrooms. The remodeled kitchen has been approved by the Allen County Health Dept and has a new commercial convection oven, no flame induction burner, refrigerator, three sinks, and new fixtures. The bar area has new flooring, bar from'' Louie's Nite Club days'', a 3-bay bar cooler, bar sink, ice bins, classic refrigerator and bar stools. Restaurant tables and chairs included. Second floor is ready to be finished with tall ceilings, original 1887 wooden doors with transoms, original hardware, and 12'' baseboard. Parking lot 6,000sf.

FOR SALE DETAILS

PRICE

$295,000 USD

PRICE/SF

$41 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1887

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Commercial

APN/PARCEL ID

37-30-11-08-007.000

ASK ABOUT THIS PROPERTY

Craig KohliBerkshire HathawayMore Info
419-236-1135

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Craig KohliBerkshire HathawayMore Info
419-236-1135

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.