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
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2020 Columbus Board of Realtors. All rights reserved.