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Distribution Center with Cold Storage
For Sale
Under Contract
$1,900,000

1400 Commerce Drive, New Lexington, OH 43764

Industrial, New Lexington, OH

Property Size52,282 SF
Lot Size8.47 Acres
Price / SF$36.34
Days on Market376

Property Features for 1400 Commerce Drive

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Standard status Active Under Contract
APN 240004560100
Size 52,282 SF
Lot size 8.47 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 18765

Utilities

Utilities Water Available
Heating system Forced Air
Water source Public

Building Details

Year built 1996
Floors in Building 1
Number of units 7
Listing Agency: Keller Williams Consultants · Keller Williams Realty
Listed By: Francis A Pompey · License #2019001266
Added: Sep 2, 2025 Changed: Aug 19 Last Checked: Sep 12 at 10:06AM
MLS# 225033198

Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multi-building distribution property comprises 52,282 square feet across an 8.47-acre site in New Lexington Industrial Park. Approximately 30,000 square feet is dedicated to cold storage, with additional areas configured for processing, dry storage, staging, offices, retail activity, equipment housing, maintenance, and general warehousing. The current operation includes food distribution, a retail meat market, and general storage. Forced-air heating and public water service are present.

The property is located in Pike Township and is identified as having no zoning restrictions. Significant on-site parking accommodates staff, customers, and delivery vehicles, while the remaining land provides room for future development or additional structures. Existing improvements support temperature-sensitive operations, and the business may also be available for purchase separately.

Key Highlights

  • 52,282‑square‑foot distribution facility on 8.47 acres
  • Approximately 30,000 square feet of dedicated cold storage
  • Current uses include food distribution, retail meat market, and general storage

Property Analytics

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Current Use

Siemer Distributing Co., ... Distribution Center Siemer Meat Market Take-out & Catering

Suggested Use

Top Pick Restaurant Building Supply Auto Repair Shop Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

35
Businesses Nearby

Demographics for 43764, OH

8,177
Population
3,214
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
85%
High-School Grad
60.8 sq mi
ZIP Area
134
Density / Sq Mi
$54,388
Median Household Income
$36,581
Median Earnings
$664
Median Rent
$129,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Distribution center - Multi-building industrial facility supporting food distribution, refrigerated operations, dry storage, and general warehousing.
Where is this distribution center located?
The property is located at 1400 Commerce Drive New Lexington, OH.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 52,282‑square‑foot distribution facility on 8.47 acres; Approximately 30,000 square feet of dedicated cold storage; Current uses include food distribution, retail meat market, and general storage
More about this property
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