$1,295,000
Lewis Center, OH 43035
MLS# 225043256
7325 sqft
1 / 69
Property Description
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 $1,295,000, the asset is priced at $177/SF, providing investors with a solid return (6.7% 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.
Details
Maps
Documents
Location & Property Info
List Price/SqFt: 176.79
City (Mailing Addr): Lewis Center
Corp LimitPerAuditor: None
Office/Contract Info
For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 0
General Property Info
Total SqFt Available: 7325
Bldg Sq Ft: 7325
Max Cont Sqft Avail: 7325
Minimum Sqft Avail: 7325
Total Parking: 30
# of Docks: 30
Use Code: 471 - DWELLING CONVERTED TO RETAIL
# of Floors Above Gr: 2
Year Built: 1850
Acreage: 0.4
Tax Info
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 7221
Parcel #: 318-213-07-002-000
Tax Year: 2025
Remarks & Misc
Property Description: 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 $1,295,000, the asset is priced at $177/SF, providing investors with a solid return (6.7% 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.
Income/Expenses
Gross Income: 140688
Net Operating Income: 86488
Total Expenses: 54200
Addl Acceptance Cond
None Known: 1
Expenses Paid by L
Building Insurance: 1
Janitorial: 1
Repairs: 1
RE Taxes: 1
Utilities: 1
T Reimburses L
Utilities: 1
Curr Yr Est $/SF TRL: 0
T Contracts Directly
Janitorial: 1
Repairs: 1
Financials
Financials ForYearOf: 2025
Gross Rental Income: 131172.42
Misc Int & Ext Info
Traffic CountPerDay: 10000
Heat Fuel
Gas: 1
Water Source
Public: 1
Sewer
Private Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Water Available: 1
Heat Type
Forced Air: 1
Auction Info
Auction/Online Bidding Y/N: No
New Financing
Conventional: 1
Other: 1
Business Type
Financial: 1
Professional/Office: 1
Residential: 1
Retail: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1295000
List Price: $1,295,000
Property Sub Type: Mixed Use
Street #: 1550
Street Name: Lewis Center
Street Suffix: Road
County: Delaware
State: OH
Zip Code: 43035
Township: Orange
OfficeContract Info
Status: Active
MLS Entry Date: 2025-11-17
Property Features
Addl Acceptance Cond: None Known
Expenses Paid by L: Building Insurance; Janitorial; Repairs; RE Taxes
T Reimburses L: Utilities
T Contracts Directly: Janitorial; Repairs
Heat Fuel: Gas
Heat Type: Forced Air
Water Source: Public
Sewer: Private Sewer
Services Available: Electricity Available; Natural Gas Available; Water Available
Business Type: Financial; Professional/Office; Residential; Retail
New Financing: Conventional; Other
MLS Primary PhotoSrc: Realtor Provided
Upcoming Roof Repair 
2026 Expenses & Income 
Listing Office: EXP Realty, LLC
Listing Agent: Matthew Hance
Last Updated: May - 13 - 2026
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