Cable Crossing Shopping Center

For Sale

902-914 N Cable Rd, Lima, OH 45805

This Lima property for sale is located at 902-914 N Cable Rd. The current listed sale price for Cable Crossing Shopping Center is $3,456,808. Cable Crossing Shopping Center is situated on a lot that is 2.43 acre in size.

Contacts

broker

Noah Yoder

ME Commercial

(614) 285-6505

Property Details

  • Property Type Retail - Strip
  • Property Size 38,707 SF
  • Units 8
  • Lot Size 2.43 Acre
  • Parking Spaces Avail. 136
  • Parking Ratio 3.67 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1965
  • Year Renovated 2011
  • Date Updated May 2, 2024
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.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.Premium space is available in the rear of a high traffic shopping center in the heart of Lima's primary shopping area. Dozens of local and national retailers in the area demonstrate strong demographics and traffic. The current landlord has invested over $500,000 in capital improvements at the property all within the past two years. The list of capital expenditures, includes, but is not limited to, roof replacement, facade repair, exterior painting, seal and stripe asphalt in front parking lot, and new concrete work in the rear loading area of the property.

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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

Attachments

Getting around

  • 71/100

    Walk Score ®

  • 19/100

    Transit Score ®

  • 48/100

    Bike Score ®

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Location

  • City Lima, OH
  • Zip Code 45805

Points of Interest

  • BP

    0.31 miles

  • Speedway

    0.31 miles

  • Speedway

    0.95 miles

  • Fuel Stop

    2.95 miles

  • Speedway

    3.01 miles

  • Marathon

    3.71 miles

  • Speedway

    4.21 miles

  • Tesla Supercharger

    4.29 miles

  • Sam's Club

    4.38 miles

  • Speedway

    4.82 miles

  • Athletic Parking

    3.56 miles

  • Academic Parking

    3.65 miles

  • Elida FIeldhouse Parking

    3.85 miles

  • McDonald's

    0.06 miles

  • Kewpee Hamburgers

    0.31 miles

  • Ruby Tuesday

    0.80 miles

  • Golden Corral

    1.00 miles

  • Domino's

    1.06 miles

  • East of Chicago Pizza

    1.25 miles

  • Applebee's

    1.62 miles

  • Mellow Mushroom

    1.75 miles

  • McDonald's

    1.97 miles

  • McDonald's

    2.22 miles

  • Walmart Supercenter

    0.32 miles

  • Lima Mall

    0.91 miles

  • Kohl's

    1.21 miles

  • TJ Maxx

    1.22 miles

  • Wallys

    1.47 miles

  • Meijer

    1.52 miles

  • Save-A-Lot

    3.68 miles

  • Walmart Supercenter

    4.80 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Noah Yoder

ME Commercial

(614) 285-6505