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$ 1,325,000
Est. payment /mo
Active Under Contract
1550 Lewis Center Road Lewis Center, OH 43035
7,325 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 7,325 sqft
Price per Sqft $180
MLS Listing ID 223031733
Originating Board Columbus and Central Ohio Regional MLS
Year Built 1850
Annual Tax Amount $7,051
Lot Size 0.400 Acres
Lot Dimensions 0.4
Property Sub-Type Mixed Use
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
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Equipment No
Laundry No Laundry Rooms
Others
Tax ID 318-213-07-002-000
Acceptable Financing Other, Conventional
Listing Terms Other, Conventional
Listed by Matthew Hance EXP Realty, LLC