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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

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.
More about this property
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