




0 Baths
7,325 sqft
$1,235,000
1550 Lewis Center Road, Lewis Center OH, 43035
Price per sqft$168.60
Built in1850
Property size7,325 sqft
Property typeCommercial
Courtesy of Matthew Hance - EXP Realty, LLC
Overview
Active
Listed Nov 17, 2025
Updated 3 weeks ago
Historical building located in the heart of 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 of 11 units currently leased to long-term tenants. 2nd floor office ready to owner-occupy or further rent out.
This investment opportunity offers a competitive cap rate and strong in-place income. The property is currently 91% occupied and will generate a projected Net Operating Income (NOI) of $86,488 in 2026. With an asking price of $1,235,000, the asset is priced at $169/SF, providing investors with a solid return (7% cap rate) in a prime location.
Development in the area includes:
Evan's Farm -- a sprawling, unique community which will include 2,200 single-family homes on 1,250 acres along with commercial development along Lewis Center Rd.
Jennings Sports Park -- a 56-acre park featuring multi-sport fields with synthetic turf and lights, heated batting cages, and a multi-level pavilion with concessions and restrooms.
Home Rd Extension -- traffic improvement which includes road widening, a bridge overpass connecting Home Rd to Lewis Center Rd, and a traffic circle.
Most of the surrounding vacant land has either been sold or is currently under contract with plans to develop more subdivisions, apartment complexes, and commercial space.
Additional information
- MLS® ID
- 225043256
Interior Features
- Bathrooms
- 0
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.4 Acres
Other Property Details
- Taxes
- $7,221
- Tax Frequency
- Annually
Courtesy of Matthew Hance - EXP Realty, LLC
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Greg Giessler shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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