2466 N Cable Road, Lima, OH 45807

$1,280,000

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Sold Price
$1,280,000
List Price
$1,400,000
Status
CLOSED
Days on Market
204
Closing Date
Feb 20, 2026
MLS#
5144826
Subtype
Commercial Sale
Year Built
2000
Acres
3.86
MLS Area Major
American Twp

Property Description

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—all 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.

Additional Information

Taxes
$4,777
Heating
None
School District
Elida LSD - 205

Listing Courtesy of: Kim Lewis, kim.lewis@heqrealty.com With Home Equity Realty Group

Selling Office: Non-Member.

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