1550 Lewis Center Road Active Save Request In-Person Tour Request Virtual Tour
Lewis Center,OH 43035
Key Details
Property Type Commercial
Sub Type Multiple Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,325 sqft
Price per Sqft $180
MLS Listing ID 223031733
Year Built 1850
Annual Tax Amount $7,051
Lot Size 0.400 Acres
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 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.
Location
State OH
County Delaware
Area 0.4
Rooms
Dining Room No
Interior
Heating Forced Air
Equipment No
Others
Acceptable Financing Other,Conventional
Listing Terms Other,Conventional