Active

1550 Lewis Center Road

Lewis Center OH, 43035

$1,325,000


$180.89 per sqft

Active

7,325 sqft

Commercial

Built in 1850

Courtesy of Matthew Hance - EXP Realty, LLC

Income-producing investment opportunity located in developing downtown Lewis Center! This 7,325sqft mixed-use commercial building is situated on a prime .403-acre lot with 150ft of frontage along Lewis Center Rd. 10 current businesses operating with long-term leases. Move your operation into 1 vacant space located on the 2nd floor: seller's current office (1,200sqft) which features a kitchen, utility room, and full bathroom. Or further lease to generate additional revenue. Market value per sqft for office space in the area is between $25-$30. Large gravel sitting area added in 2023 to side of building for Whit's customers. Potential to increase gross revenue at 100% occupancy to $145,920 which would equate to a 8.4% cap rate.

223031733

MLS ID

December 22, 2023

Listed

December 19, 2024

Updated

Map

1550 Lewis Center Road
Lewis Center OH, 43035

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.4 Acres


Sewer

Private Sewer

Other Property Details

Taxes

$7,051


Tax Frequency

Annually


Days on Market

450


Garage

No


Parking Total

30


View

No


County

Delaware


Municipality

Orange


Pool

No

Listing History

Date

Event

Price

8/1/2024

Price change

$1,325,000

-20%

4/3/2024

Price change

$1,649,000

-1%

 

Courtesy of Matthew Hance - EXP Realty, LLC 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kristen Maetzold shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Copyright: 2024 by Columbus and Central Ohio Regional MLS. All rights reserved.

 

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