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$ 1,400,000
Est. payment | /mo
3.86 Acres Lot
$ 1,400,000
Est. payment | /mo
3.86 Acres Lot
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5144826
HOA Y/N No
Year Built 2000
Annual Tax Amount $4,777
Tax Year 2024
Lot Size 3.860 Acres
Acres 3.86
Property Sub-Type Other
Property Description
For sale: A high-performing self-storage facility located in Lima, OH. Built in 2000, this well-maintained property features 141 units across five buildings with a diverse unit mix: 24 (5x10), 20 (10x10), 62 (10x15), 20 (10x20), 15 (10x30), and an additional 21 outdoor parking spaces sized at 12x25. The facility is currently 94.37% occupied, offering immediate income with room to grow. There is strong potential to increase cash flow through rent adjustments and by utilizing the additional land on site for facility expansion. Recent improvements include the installation of new security cameras, refreshed landscaping, upgraded gravel, and unit turnover—all enhancing the appeal and functionality of the property. This is an ideal opportunity for investors seeking a stabilized asset with value-add potential in a growing market.
Location
State OH
County Allen
Interior
Heating None
Fireplace No
Exterior
Present Use Mini Storage
Schools
School District Elida Lsd - 205
Others
Tax ID 36-2201-01-005.001
Special Listing Condition Standard
Listed by Kim Lewis • Home Equity Realty Group • kim.lewis@heqrealty.com, 440-799-5638
"Whether you're looking to purchase your first home, dream home, investment property, and/or sell your current home, I am committed to providing you with high-quality bespoke services."
1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States