Cable Crossing Shopping Center

902-914 N Cable Rd Lima, OH 45805

902-914 N Cable Rd, Lima, OH, 45805
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FOR SALE
Property Type:
Strip Center
Amount:
$3,456,808
Last Verified:
Apr 12, 2024

Highlights

  • - 38,707 SF building with 8 units
  • - Zoned Commercial / Retail
  • - 100% occupancy
  • - Prime retail investment opportunity
  • - Well-maintained, updated property
  • - Established rental income
  • - Strong tenant mix
  • - Excellent visibility and access
  • - Proven track record of success
  • - Attractive historical building

Description

Qualified investors now have the opportunity to acquire Cable Crossing Shopping Center, a 37,454-square-foot retail gem situated in a prime retail corridor serving the growing city of Lima, Ohio. The Property is available at an attractive rate of $92 per square foot, and a cap rate of 8.00% for a purchase price of $3,456,808.

The property is located in a retail corridor of Lima, OH and is situated at a signalized intersection of two main thoroughfares. The combined traffic counts are nearly 25,000 AADT.


Year Built: 1965
Building Size: 38707sq ft
Lot Size: 2.43 acres


Documents

Cable Crossing Flyer 2024

Map of 902-914 N Cable Rd, Lima, OH, 45805

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.