1550 Lewis Center Road, Lewis Center, OH 43035
New Listing
$1,295,000
Property Type:
Commercial
Square Footage:
7,325
Lot Size (sq. ft.):
17,424
Status:
Active
Current Price:
$1,295,000
List Date:
11/17/2025
Last Modified:
11/17/2025
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 of 11 units currently leased to long-term tenants. 2nd floor unit with kitchen, laundry and full bathroom (renovated this year) ready to owner-occupy or further rent out.
This investment opportunity offers a competitive cap rate and strong in-place income. The property is currently 91% occupied and generates a Net Operating Income (NOI) of $95,800.54. With an asking price of $1,295,000, the asset is priced at $177/SF, providing investors with a solid return in a prime location.
Development in the area includes:
Evan's Farm -- a sprawling, unique community which will include 2,200 single-family homes on 1,250 acres along with commercial development along Lewis Center Rd.
Jennings Sports Park -- a 56-acre park featuring multi-sport fields with synthetic turf and lights, heated batting cages, and a multi-level pavilion with concessions and restrooms.
Home Rd Extension -- traffic improvement which includes road widening, a bridge overpass connecting Home Rd to Lewis Center Rd, and a traffic circle.
Most of the surrounding vacant land has either been sold or is currently under contract with plans to develop more subdivisions, apartment complexes, and commercial space.
Supplements: ********
More Information MLS# 225043256
Location & Property Info
List Price/SqFt: 176.79
City (Mailing Addr): Lewis Center
Corp LimitPerAuditor: None
Office/Contract Info
For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 0
General Property Info
Total SqFt Available: 7325
Bldg Sq Ft: 7325
Max Cont Sqft Avail: 7325
Minimum Sqft Avail: 7325
Total Parking: 30
# of Docks: 30
Use Code: 471 - DWELLING CONVERTED TO RETAIL
# of Floors Above Gr: 2
Year Built: 1850
Acreage: 0.4
Tax Info
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 7221
Parcel #: 318-213-07-002-000
Tax Year: 2025
Remarks & Misc
Property 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 of 11 units currently leased to long-term tenants. 2nd floor unit with kitchen, laundry and full bathroom (renovated this year) ready to owner-occupy or further rent out.
This investment opportunity offers a competitive cap rate and strong in-place income. The property is currently 91% occupied and generates a Net Operating Income (NOI) of $95,800.54. With an asking price of $1,295,000, the asset is priced at $177/SF, providing investors with a solid return in a prime location.
Development in the area includes:
Evan's Farm -- a sprawling, unique community which will include 2,200 single-family homes on 1,250 acres along with commercial development along Lewis Center Rd.
Jennings Sports Park -- a 56-acre park featuring multi-sport fields with synthetic turf and lights, heated batting cages, and a multi-level pavilion with concessions and restrooms.
Home Rd Extension -- traffic improvement which includes road widening, a bridge overpass connecting Home Rd to Lewis Center Rd, and a traffic circle.
Most of the surrounding vacant land has either been sold or is currently under contract with plans to develop more subdivisions, apartment complexes, and commercial space.
Income/Expenses
Gross Income: 131172.42
Net Operating Income: 95800.54
Total Expenses: 35371.88
Addl Acceptance Cond
None Known: 1
Expenses Paid by L
Building Insurance: 1
Janitorial: 1
Repairs: 1
RE Taxes: 1
Utilities: 1
T Reimburses L
Utilities: 1
Curr Yr Est $/SF TRL: 0
T Contracts Directly
Janitorial: 1
Repairs: 1
Financials
Financials ForYearOf: 2025
Gross Rental Income: 131172.42
Misc Int & Ext Info
Traffic CountPerDay: 10000
Heat Fuel
Gas: 1
Water Source
Public: 1
Sewer
Private Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Water Available: 1
Heat Type
Forced Air: 1
Auction Info
Auction/Online Bidding Y/N: No
New Financing
Conventional: 1
Other: 1
Business Type
Financial: 1
Professional/Office: 1
Residential: 1
Retail: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1295000
List Price: $1,295,000
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: Active
MLS Entry Date: 2025-11-17
Property Features
Addl Acceptance Cond: None Known
Expenses Paid by L: Building Insurance; Janitorial; Repairs; RE Taxes
T Reimburses L: Utilities
T Contracts Directly: Janitorial; Repairs
Heat Fuel: Gas
Heat Type: Forced Air
Water Source: Public
Sewer: Private Sewer
Services Available: Electricity Available; Natural Gas Available; Water Available
Business Type: Financial; Professional/Office; Residential; Retail
New Financing: Conventional; Other
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
EXP Realty, LLC
Listing Agent:
Matthew Hance
Last Updated: November - 17 - 2025
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