902 N Cable Road, Lima

$2,999,999

0 Bed
0 Bath
36,947 Sqft
0 Acre
0 Garage

Professionally rehabbed REO SALE! Turnkey investment opportunity, a perfect fit for a 1031 Exchange. Anchored by Dollar General, is a 100% occupied, ~37,000 SF shopping center. With zero rent concessions & 100% collections during unprecedented times, this property has remained COVID-proof. Property is situated at the corner of a signalized intersection w/in a busy retail corridor w/frontage & entrances on 3 different streets. Nearly $500,000 was put into this Fall / Winter capital improvement project, curing deferred maintenance in a multitude of ways. Enhancements include, a new roof w/ warranty, front parking lot repaired, resealed & striped, 16 security cameras & a gorgeous mural professionally painted on the side of the building paying tribute to the history of Lima. Long term tenants in place w/ long term leases being completed this week. Property includes a two-sided billboard, pylon signage for all tenants, a drive-up window, and a UPS Drop Box.Utilities are paid for by tenants

Essential Information
MLS® #203533
Price$2,999,999
Square Footage36,947
TypeCommercial Sale
Community Information
Address902 N Cable Road
CityLima
CountyAllen
StateOH
Zip Code45805
Additional Information
Date ListedDecember 16th, 2020
ZoningCommercial
Listing Details
AgentApril Lane
OfficePRODIGY PROPERTIES
Property History
Price Reduced from $3,400,000 to $2,999,999
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Listing information last updated on April 7th, 2021 at 2:45pm EDT.