




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 4 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
- Municipality
- Orange
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 David E Straight shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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