1550 Lewis Center Road, Lewis Center, OH 43035 (MLS # 223031733)
Brought to you by RE/Max Consultant Group
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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.
| DAYS ON MARKET | 348 | LAST UPDATED | 8/1/2024 |
|---|---|---|---|
| YEAR BUILT | 1850 | COUNTY | Delaware |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Apr 3, '24 | $1,650,000 |
|---|---|
| Apr 3, '24 - Aug 1, '24 | $1,649,000 |
| Aug 1, '24 - Today | $1,325,000 |
| ADDITIONAL DETAILS | |
| HEAT | Forced Air, Natural Gas |
|---|---|
| LOT | 0.4 acre(s) |
| STORIES | 2 |
| TAXES | 7051 |
| UTILITIES | Natural Gas Available |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by EXP Realty, LLC, Matthew Hance
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2024.