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Capstone is pleased to present the Brower Road Land site. A ±12.96-acre development opportunity located on the northern outskirts of Lima, Ohio. This prime location is perfectly suited for multifamily development, currently zoned for Class III residential apartments and located within the Elida school district, the site offers convenient access to surrounding areas and major thoroughfares. New owners stand to attract a diverse range of tenants, making the Brower Road Land site an outstanding opportunity to enter or expand their presence in this desirable market.
Investment Highlights:
Close Access to I-75 and Ten Minutes from Downtown Lima
Surrounded By High-Occupancy Apartment Complexes
Opportunity To Capitalize on Lima’s Rental Housing Shortage
Potential for Public-Private Partnership with the City of Lima
Great Proximity to Employment and Education Hubs
Take Advantage of the Over $2 Billion Invested in Lima in the Last Two Years
Located Just Minutes from Many of Lima’s Largest Employers
Currently Zoned for Multifamily