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.
MLS# | 223031733 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1850 |
Days On Site | 406 |
Listing Provided By | EXP Realty, LLC | Matthew Hance |
SQ Feet | 7,325 |
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Story(s) | 2 |
Acreage | 0.40 |
State | OH |
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County | Delaware |
City | Lewis Center |
Zip Code | 43035 |
Listing VS Median (in 43035) | |
Price: $1,325,000 low | high Med: $554,950 SqFt: 7,325 low | high Med: 3,015 $ / SqFt: $181 low | high Med: $188 On Site: 406 low | high Med: 76.500000 |