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About This Home

This 0-bedroom, 0-bathroom single family at 1550 Lewis Center Road in Lewis Center, OH is listed for $1,295,000 ($177 per sqft). Built in 1850, the home offers 7,325 sqft of living space on a 0.40 acres lot.

Agent 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 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 $104,072 in 2026.

With an asking price of $1,295,000, the asset is priced at $177/SF, providing investors with a solid return (8% 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.

Key Features

  • Built in 1850
  • 0.40 acre lot
  • 2 stories
  • 30 parking spaces

Property Details

2 stories
30 spaces
1850

Monthly Cost Estimate

$6,926/mo

20% down · 6.5% · 30 years

Principal$937
Interest$5,612
Insurance$378

Estimates only. Actual payments may vary.

Location

1550 Lewis Center Road

Lewis Center, OH 43035

Property Details

Heating

Forced Air

Questions & Answers

This 0-bedroom, 0-bathroom single family at 1550 Lewis Center Road is listed at $1,295,000 ($177/sqft). The estimated monthly payment is $5,612 based on 20% down at 6.5% interest.

Key features include: Built in 1850, 0.40 acre lot, 2 stories, 30 parking spaces.

This property is listed by Matthew Hance and can be reached at 6145466641 or matthewvhance@gmail.com.

MH

Matthew Hance

Agent at EXP Realty, LLC

(614) 546-6641

Listed by EXP Realty, LLC

MLS# 225043256· Source: listhub· Updated 144 days ago

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1550 Lewis Center Road, Lewis Center, OH 43035

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