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    1550 Lewis Center Rd Lewis Center, OH 43035

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    For Sale
    $1,325,000

    Income-producing mixed-use building in developing downtown Lewis Center.

    Property size:
    8,569 SF
    Lot size:
    0.62 Acres

    Property Features for 1550 Lewis Center Rd

    General Information

    Size
    8,569 SF
    Lot size
    0.62 Acres

    Source: EXP REALTY, LLC Agent Matthew Hance

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Commercial Building Investment

    This mixed-use commercial building offers an income-producing investment opportunity in the developing downtown of Lewis Center. The building has 7,325 square feet and is situated on a 0.403-acre lot with 150 feet of frontage along Lewis Center Road. There are 10 current businesses operating with long-term leases. One vacant space is located on the second floor, comprising 1,200 square feet, and features a kitchen, utility room, and full bathroom. This space could be occupied by the new owner or leased to generate additional revenue. A large gravel sitting area was added in 2023 to the side of the building. The property has the potential to increase gross revenue at 100% occupancy. The property size is 8,569 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Paul Marchio Farmers ... Insurance Agency Farmers Insurance - Paul ... Insurance Agency Myron Byrd, Jr. ... Barber Shop Lynn Ann Bodie, ... Massage Therapist Revolutions Per Minute, ... Information Services

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lewis Center
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0088685
    Latitude
    40.1991177

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    FAQs

    What type of property is this?
    Strip mall - Income-producing mixed-use building in developing downtown Lewis Center.
    Where is this strip mall located?
    The property is located at 1550 Lewis Center Rd Lewis Center, OH.
    What is the asking price?
    The asking price for this property is $1,325,000.
    What are key features of this property?
    This property features: - Income-producing investment property with 10 established businesses and long-term leases.; - Potential to increase gross revenue to $145,920 at 100% occupancy, equating to an 8.4% cap rate.; - Prime .403-acre lot in developing downtown Lewis Center with 150ft of frontage on Lewis Center Rd.
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    1550 Lewis Center Rd Lewis Center, OH 43035
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    Lewis Center, OH 43035
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1550 Lewis Center Rd Lewis Center, OH 43035
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