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Commercial Real Estate for Sale at 2466 N Cable Road in Lima, OH for $1,400,000

Listing data last changed 08/01/2025 - 4:09am
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2466 N Cable Road | Lima

$1,400,000 | 0.0 Sq. Ft.

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\u2014all 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. MLSNow 5144826 Directions to property: W State Rd onto N Cable Rd

MLS Listing ID: 
MLSNow 5144826
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,400,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Other
Primary Market Area: 
Lima
Address: 
2466 N Cable Road, Lima, OH 45807
County: 
Allen
Latitude: 
40.7727060
Longitude: 
-84.1517200
Directions: 
W State Rd onto N Cable Rd
Public Remarks: 
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\u2014all 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.
Community Information
School District: 
Elida LSD - 205
Building Details
Details about the building on a property.
Year Built: 
2000
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
None
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
3.86
Lot Size (Area): 
3.86
Public Record
Parcel Number: 
36-2201-01-005.001
Annual Tax: 
$4,777.35
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Home Equity Realty Group

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