1550 Lewis Center Road, Lewis Center, OH 43035
$1,325,000
Property Type:
Commercial
Square Footage:
7,325
Lot Size (sq. ft.):
17,424
Status:
Contingent
Current Price:
$1,325,000
List Date:
6/23/2025
Last Modified:
6/23/2025
Description
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.
Supplements: ********
More Information MLS# 223031733
Location Property Info
Original List Price: 1650000
List Price: $1,325,000
Property Sub Type: Mixed Use
Street #: 1550
Street Name: Lewis Center
Street Suffix: Road
County: Delaware
State: OH
Zip Code: 43035
Township: Orange
OfficeContract Info
Status: Contingent
MLS Entry Date: 2023-09-27
General Property Info
Total SqFt Available: 7325
Bldg Sq Ft: 7325
Max Cont Sqft Avail: 7325
Minimum Sqft Avail: 7325
# of Docks: 30
# of Floors Above Gr: 2
Total Parking: 30
Year Built: 1850
Use Code: 471 - DWELLING CONVERTED TO RETAIL
Acreage: 0.4
Tax Info
Parcel #: 318-213-07-002-000
Mult Parcels/Sch Dis: Yes
Tax Year: 2023
Tax Abatement: No
Taxes (Yrly): 7051
Financials
Financials ForYearOf: 2023
Auction Info
Auction/Online Bidding Y/N: No
Property Features
Addl Acceptance Cond: None Known
Expenses Paid by L: Building Insurance; Janitorial; Repairs; RE Taxes
Heat Fuel: Gas
Heat Type: Forced Air
Sewer: Private Sewer
Services Available: Electricity Available; Natural Gas Available; Water Available
Business Type: Professional/Office; Residential; Retail
New Financing: Conventional; Other
MLS Primary PhotoSrc: Realtor Provided
Documents
Map Overview and Home Rd Extension ›Listing Office: EXP Realty, LLC
Listing Agent: Matthew Hance
Last Updated: June - 23 - 2025
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