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 Tina Cameron 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.