Lima Street Redevelopment Opportunity
This 1.03-acre remediated parcel at 210 Lima Street represents a rare shovel-ready foundation within Wapakoneta's B-3 Central Business District. Carrying a rich legacy as an 1800s buggy wheel manufacturer, the property offers a unique opportunity to transition from its buggy wheel roots to build the next 200-year legacy. Its complete environmental remediation and strategic positioning within an established commercial core near downtown provide the foundation for long-term operational value creation across retail, office, and mixed-use configurations.
2. Core Value Attributes
Strategic Infrastructure Foundation: A fully remediated, 44,867 SF (1.03-acre) development site subject to final approvals and sold requiring no additional environmental mitigation, reducing pre-construction timelines and preserving capital allocation for vertical development.
Zoning Versatility & Entitlement Durability: The B-3 Central Business District classification supports a broad spectrum of uses including retail stores, restaurants, professional offices, banks, entertainment venues, fitness centers, upper-floor residential units, and small-scale service or trade businesses. This provides long-term operational flexibility without restrictive single-use limitations.
Development Potential: The vacant parcel acts as an ideal canvas for a versatile retail property, offering the potential to improve with a mixed-use development, offices, or retail with drive-thru lanes. Sale or lease will be subject to any final environmental review and approvals as fully shovel ready.
- Property type
- Land
- Lot size
- 1.03 acres
- Zoning
- B-3