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Lima, PA High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Lima, Pennsylvania Market population: 39K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF

πŸ“Š Avg Property Tax Rate For Lima OH Properties: 1.6100%

πŸ“Š Average Income For Lima OH Commercial Property: $43,106

Investor Questions For Lima OH

Common questions from investors exploring commercial real estate in Lima OH.

What is the overall investment potential of Lima, OH, considering its demographics and economy? +
Lima, OH's median household income of $43,106, combined with a poverty rate of 23.8% and a high health insurance coverage of 94.2%, suggests a stable market with opportunities for investment, particularly in the manufacturing and healthcare industries, which are among the top industries in the city, employing a significant portion of the 17,449 employed population.
How does the city's ethnic diversity and commute time impact the rental market? +
The city's diverse population, with 74.2% White, 20.4% Black or African American, and 1.4% Asian, along with an average commute time of 18.4 minutes, indicates a relatively stable and attractive rental market, with 84.2% of residents driving alone to work, suggesting a need for convenient and accessible housing options.
What are the implications of the city's homeownership rate and property values for real estate investors? +
Lima, OH's homeownership rate of 62.2% and median property value of $83,400, combined with a median property tax of $1,322, suggest a relatively affordable market for investors, with opportunities for both rental income and long-term appreciation, particularly in neighborhoods with high demand for housing due to the presence of top industries like manufacturing and healthcare.
How does the city's income inequality and education level impact the quality of life for residents and investors? +
The city's GINI coefficient of 0.443, indicating a moderate level of income inequality, combined with a high school or higher educational attainment rate of 86.2%, suggests a relatively stable and educated population, with a strong foundation for economic growth and development, making it an attractive market for investors looking for long-term stability and returns.
What are the key factors to consider when evaluating the potential for rental yields and property appreciation in Lima, OH? +
When evaluating the potential for rental yields and property appreciation in Lima, OH, investors should consider the city's strong employment market, with 17,449 employed residents, its diverse population, and its relatively affordable housing market, combined with a high health insurance coverage rate of 94.2% and a low average commute time of 18.4 minutes, all of which suggest a stable and attractive market for investment, with opportunities for both rental income and long-term appreciation.

Lima OH Real Estate & City Facts

Key facts and real estate information about Lima OH.

What are some of the best neighborhoods to live in Lima? +
Some of the best neighborhoods to live in Lima include downtown Lima, Shawnee, and Elida. These neighborhoods offer a mix of historic homes, new developments, and convenient access to local amenities.
What are some fun things to do in Lima? +
There are plenty of fun things to do in Lima, including visiting the Allen County Museum, kayaking at Ottawa Park, and exploring the unique shops and restaurants in the downtown area. You can also check out the Veterans Freedom Flag Monument, Lincoln Park Railway Exhibit, and ArtSpace/Lima for some local culture and history.
What is the food scene like in Lima? +
Lima has a diverse food scene with a range of options to suit every taste. Some popular restaurants include The Met, Lulu's Diner, Old City Prime, and Thai Kitchen. There are also plenty of great food trucks and local eateries serving up everything from classic American comfort food to international cuisine.
What are the pros and cons of living in Lima? +
The pros of living in Lima include its affordable cost of living, rich history and culture, and friendly community. However, some cons include the city's limited job opportunities and higher-than-average poverty rate. Overall, Lima is a great place to live for those who value a close-knit community and a low cost of living.
Is Lima a good place to live? +
Lima can be a good place to live for the right person. It offers a unique blend of small-town charm and urban amenities, and its affordable cost of living makes it an attractive option for those on a budget. However, it's not without its challenges, and residents will need to weigh the pros and cons carefully before deciding if Lima is the right fit for them.
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