$1,325,000
( $180.89Per Sq Foot )
 $7,113 est/mo Sourced by Back At You

1550 Lewis Center Road , Lewis Center, OH 43035

Lewis Center, OH 43035

Share with a friend

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.

Details

MLS#223031733
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1850
Days On Site406
Listing Provided ByEXP Realty, LLC | Matthew Hance

Features

SQ Feet7,325
Story(s)2
Acreage0.40

Market Activity 43035

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by Columbus Realtors

Request a showing

Request a showing

Loading Form
Listings Checked: 1 minute ago

Contact

Learn More About This Property

StateOH
CountyDelaware
CityLewis Center
Zip Code43035
Listing VS Median (in 43035)
Price:
$1,325,000
low | high
Med:
$554,950
100% of Average
SqFt:
7,325
low | high
Med:
3,015
100% of Average
$ / SqFt:
$181
low | high
Med:
$188
45.874390319685% of Average
On Site:
406
low | high
Med:
76.500000
100% of Average
Sourced by Back At You
Listing Updated: November 5, 2024 at 9:24:45 AM PST