5700 Columbus Pike Lewis Center, OH 43035
For Sale
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This exceptional 13+ acre commercial land parcel, located at 5700 Columbus Pike in Lewis Center, Ohio (zip code 43035), presents a unique investment opportunity. The property boasts a substantial 566,280 square foot lot size, strategically positioned at the intersection of Columbus Pike and Hyatts Road. Its zoning as Planned Commercial & Office allows for diverse development options, including assisted living facilities, retail spaces, and various commercial or office uses, as well as hospitals, medical facilities, and laboratories. The site is already partially configured, with approximately 6.4 acres suitable for assisted living, 3 acres for retail, and three 1-1.5 acre outlots for additional commercial development. Building setbacks are 50 feet, and the property features a 110-foot right-of-way. The location offers potential for right-in/right-out access on Columbus Pike, with water readily available along Columbus Pike and sewer access near the intersection of Columbus Pike and Hyatts Road within the right-of-way. This prime location and flexible zoning make this a highly desirable site for developers seeking a versatile and strategically located property. The asking price for this exceptional opportunity is $5,520,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.