516-518 N Main Street, Lima, OH 45801 (MLS# 306767)

516-518 N Main Street, Lima, OH 45801

$295,000
Property Type: Commercial Sale Baths: 2 Square Footage: 7,000 Lot Size (sq. ft.): 10,000 Status: Active
Current Price: $295,000 List Date: 4/16/2025 Last Modified: 4/16/2025

Description

516-518 N Main St is located in Lima's new State of Ohio designated ''Entertainment District''. D5-J Ohio Liqueur License available for $2,350 with purchase of the building. Improvements include new roof and electric in 2020; new Gas Furnace, supplemental Heat Pump, Central AC Unit, and Water Heater in 2022. First floor has been remodeled with the removal of old plaster/drywall to expose the original brick walls and woodwork, drop ceilings were removed to restore the rooms to their original height, original hardwood flooring restored in the restaurant section, two newly remodeled bathrooms. The remodeled kitchen has been approved by the Allen County Health Dept and has a new commercial convection oven, no flame induction burner, refrigerator, three sinks, and new fixtures. The bar area has new flooring, bar from'' Louie's Nite Club days'', a 3-bay bar cooler, bar sink, ice bins, classic refrigerator and bar stools. Restaurant tables and chairs included. Second floor is ready to be finished with tall ceilings, original 1887 wooden doors with transoms, original hardware, and 12'' baseboard. Parking lot 6,000sf.

More Information MLS# 306767

Location Property Info

Current Price: $295,000 Original List Price: 295000 Property Sub Type: Business List Price: $295,000 Status: Active List Date: 2025-04-14 Street #: 516-518 Street Direction Prefix: N Street Name: Main Street Suffix: Street County: Allen State: OH Postal Code: 45801

General Property Info

Lot Size Dimensions: 0.23 Acre Lot Size Square Feet: 10000 Legal Description: MCKIBBENS ADDITION LOT 570 FF 50.00 FEMA Flood Zone Y/N: No Living Area SqFt: 7000 # Stories: 2 Bathrooms Total: 2 # Of Buildings: 1 Year Built: 1887

Tax Info

Parcel #: 37-3011-08-007.000 Tax Annual Amount: 1595

Status Change Info

Status Change Date: 2025-04-15

Property Features

Business Type: Bar/Tavern/Lounge; Restaurant Construction Materials: Brick Cooling: Central Air Documents Available: Equipment List; Floor Plan; Inventory List Flooring: Wood Heating: Combination; Forced Air; Heat Pump; See Remarks Listing Terms: Cash; Conventional Other Equipment: Furniture; See Remarks Parking Features: Private; See Remarks Possession: Close Of Escrow Road Frontage Type: City Street Road Surface Type: Paved Roof: Flat; See Remarks Sale Includes: Building & Land; Other Sewer: Public Sewer Special Licenses: Liquor Special Listing Conditions: Fair Market Utilities: Sewer Connected; Water Connected Water Source: Public
Listing Office: Berkshire Hathaway Professional Realty
Last Updated: April - 16 - 2025
516-518 N Main Street, Lima, OH 45801- MLS# 306767
IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data deemed reliable, but is not guaranteed accurate.