Hartsock Realty Portfolio

500-518 W Elm St, Lima, OH 45801

  • For Sale $2,700,000
  • Property Type Multi-Family
  • Property Size 32,797 SF
  • Units 27
  • Lot Size 0.88 Acre
  • Year Built 1935
  • Year Renovated 2020
  • Date Updated Aug 6, 2025
Lima, Ohio is an emerging gem for real estate investors seeking a blend of stability, affordability, and growth potential. With a strong foundation in manufacturing, healthcare, and education, the city is home to major employers like Procter & Gamble and Mercy Health, supporting a reliable and diverse tenant base. Local leadership continues to invest in downtown revitalization and infrastructure improvements, signaling long-term confidence in the market. Generous tax incentives, limited new housing supply, and steadily rising demand make Lima a compelling destination for investors looking to capture strong yields today while benefiting from meaningful appreciation tomorrow.This turnkey, cash-flowing portfolio in Lima, Ohio presents a compelling opportunity for investors seeking immediate yield with long-term upside. The offering includes a mix of stabilized multifamily and mixed-use assets that are currently 96% occupied and generating consistent income from day one. Two of the three properties benefit from tax abatements, one at 100% and another at 50%, significantly enhancing net operating income and reducing carry costs. With both newer construction and recently renovated properties in the portfolio, capital expenditure needs are minimized to support operational efficiency. In-place rents remain below market, creating a clear path to increased revenue through strategic rent increases. Additional value can be unlocked by upgrading and the office spaces within the mixed-use component. This portfolio is ideally suited for investors seeking both near-term cash flow and a medium-term value-add play, all within a revitalized Midwest market offering low acquisition costs and dependable tenant demand.
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Highlights

  • High Occupancy, Immediate Cashflow
  • Mark Rents to Market Opportunity
  • Tax abatements
  • Turnkey Core Plus Portfolio

Contacts

broker

Verti Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    73/100 Very Walkable
  • Transit Score ®

    30/100 Some Transit
  • Bike Score ®

    73/100 Very Bikeable
Powered by Walk Score ®
  • City Lima, OH
  • Zip Code 45801

Points of Interest

  • Speedway

    1.43 miles

  • Fuel Stop

    1.56 miles

  • Sunoco

    1.71 miles

  • BP

    2.02 miles

  • Tesla Supercharger

    2.16 miles

  • Sam's Club

    2.25 miles

  • Wallys

    2.37 miles

  • Marathon

    2.69 miles

  • Athletic Parking

    5.65 miles

  • Academic Parking

    5.75 miles

  • Elida FIeldhouse Parking

    5.96 miles

  • truck parking

    9.82 miles

  • car parking

    9.83 miles

  • Wingate by Wyndham Lima Downtown

    0.28 miles

  • Country Inn & Suites

    1.73 miles

  • Travelodge Lima OH

    1.78 miles

  • Red Carpet Inn and Suites

    2.04 miles

  • Motel 6

    2.06 miles

  • Howard Johnson by Wyndham

    2.07 miles

  • Hampton

    2.12 miles

  • Quality Inn

    2.13 miles

  • Courtyard

    2.15 miles

  • Fairfield Inn & Suites Lima

    2.47 miles

  • McDonald's

    0.19 miles

  • Kewpee Hamburgers

    0.27 miles

  • Fat Jack's Pizza

    1.37 miles

  • Domino's

    1.67 miles

  • Sugar Street Bar & Grill

    1.84 miles

  • Subway

    1.88 miles

  • Taco Bell

    1.97 miles

  • Hunan Gardens Chinese Restaurant

    2.02 miles

  • Olive Garden

    2.05 miles

  • Bob Evans

    2.05 miles

  • Lincoln Elementary School

    0.41 miles

  • Saint Rose of Lima School

    0.67 miles

  • Lima Senior High School

    0.87 miles

  • South Junior High School

    0.88 miles

  • Edison Elementary School

    0.94 miles

  • Horace Mann Elementary School

    1.07 miles

  • Washington McKinley Elementary School

    1.12 miles

  • Irving Elementary School

    1.14 miles

  • North Junior High School

    1.44 miles

  • Jefferson Elementary School

    1.63 miles

Frequently Asked Questions

How much does Hartsock Realty Portfolio cost?

The space currently listed for sale at Hartsock Realty Portfolio asks for $2,700,000.

What is the total square footage of Hartsock Realty Portfolio?

Hartsock Realty Portfolio totals 32,797 square feet.

When was this property built?

Hartsock Realty Portfolio was built in 1935.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker

Verti Commercial Real Estate

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