The Key to Buying or Selling
Owned by the same family for nearly forty years, this property presents a rare opportunity for a buyer seeking versatility, restoration potential, or a mixed-use investment close to downtown Lima. Built in 1920, this two-story home sits on a quarter-acre lot. It is zoned Light Industrial (I-1), offering flexibility for a wide range of uses—from residential renovation to business, storage, or workshop applications.
The house features a traditional two-story floor plan with three bedrooms, one bath, and a full basement. Its classic frame construction, open front porch, and enclosed side porch retain much of their original character. Although the home needs updating and repair, its solid bones and spacious layout make it a worthy candidate for rejuvenation—whether as a personal residence, a rental property, or an adaptive reuse project.
The adjoining rear parcel on Pennsylvania Avenue adds additional yard or expansion space, totaling over 0.37 acres combined between both lots
The site’s proximity to CSX rail lines enhances its appeal for commercial, industrial or logistics-related applications, while easy access to downtown and major corridors provides convenience for any use.
With its generous lot size, flexible zoning, and long family ownership, this property represents an affordable opportunity to restore, repurpose, or reimagine a property with strong potential in Lima’s evolving core.
