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.
High Traffic Car Wash for Sale in Lewis Center · Ninja Xpress Car Wash · Full Service Car Wash with separate detailing area · Excellent Investment and redevelopment location · +/- 14,028 Square Feet of Building · +/- 1.681 Acre Lot · Potential Lease Back for 1/2 of the Building · Ninja Express Business and Real Estate Shown is for Sale, Eclipse Detailing Business and Their Equipment is Not Included (Company Which Leases Space)
Andrea D. Conner, License BRKP.2017002935, Xome Inc., License REC.2015001703, [email protected], 844-400-XOME (9663), 11427 Read Hartman Hwy, Suite 236, Cincinnati, OH 45241
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Lewis Center is located in Ohio. Lewis Center, Ohio has a population of 26,856. Lewis Center is more family-centric than the surrounding county with 53.91% of the households containing married families with children. The county average for households married with children is 43.42%.
The median household income in Lewis Center, Ohio is $137,408. The median household income for the surrounding county is $116,284 compared to the national median of $69,021. The median age of people living in Lewis Center is 35.5 years.
The average high temperature in July is 84.9 degrees, with an average low temperature in January of 20.3 degrees. The average rainfall is approximately 38.8 inches per year, with 22.6 inches of snow per year.
