$1,325,000
( $180.89Per Sq Foot )
$8,815 est/mo Sourced by Back At You1550 Lewis Center Road , Lewis Center, OH 43035
Lewis Center, OH 43035
Description
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. 10 current businesses operating with long-term leases. Move your operation into 1 vacant space located on the 2nd floor: seller's current office (1,200sqft) which features a 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 for Whit's customers. Potential to increase gross revenue at 100% occupancy to $145,920 which would equate to a 8.4% cap rate.
Details
| MLS# | 223031733 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1850 |
| Days On Site | 380 |
| Listing Provided By | EXP Realty, LLC | Matthew Hance |
Features
| SQ Feet | 7,325 |
|---|---|
| Story(s) | 2 |
| Acreage | 0.40 |
Market Activity 43035
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Learn More About This Property
| State | OH |
|---|---|
| County | Delaware |
| City | Lewis Center |
| Zip Code | 43035 |
| Listing VS Median (in 43035) | |
Price: $1,325,000 low | high Med: $549,900 SqFt: 7,325 low | high Med: 3,040 $ / SqFt: $181 low | high Med: $181 On Site: 380 low | high Med: 35.000000 | |
Listing Updated: October 9, 2024 at 6:31:28 PM PDT