1550 Lewis Center Rd - Freestanding FOR SALE


Lewis Center, OH 43035
$1,325,000 USD
614-546-6641
1550 Lewis Center Rd, Lewis Center, OH for Sale
$1,325,000 USD
Freestanding - FOR SALE
1/62
null | 6.25% Cap Rate

1550 Lewis Center Rd
Lewis Center, OH 43035


HIGHLIGHTS

  • Income-producing investment opportunity located in developing downtown Lewis Center!

OVERVIEW

Fantastic, 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. There are 10 current businesses operating with long-term leases. * Move your own operation into 1 vacant space located on the 2nd floor: seller’s current office (1,200sqft) which features 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 to accommodate Whit’s customers. Provides plenty of seating and parking spaces for bicycles. Owners routinely maintain building and all mechanicals. * Potential to increase gross revenue at 100% occupancy to $145,920 which would equate to a 8.4% cap rate.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1850

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

C

APN/PARCEL ID

318-213-07-002-000

ASK ABOUT THIS PROPERTY

Matthew HanceeXp RealtyMore Info
614-546-6641

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Matthew HanceeXp RealtyMore Info
614-546-6641

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.