1550 Lewis Center Road, Lewis Center, OH 43035
- 0.4 acres
- Built 1850
About this property
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.
Key facts
- Status
- Active
- Type
- Mixed Use
- Days on market
- 336
- Property taxes
- about $7,221/yr
- County
- Delaware
- MLS #
- 225043256
- Listing brokerage
- EXP Realty, LLC
- Listing agent
- Matthew Hance
- Listing brokerage contact
- 216-242-2322
Price reduced 5% from $1,295,000 on September 11.
Lot and parking
- Lot size
- 0.4 acres
- Lot square feet
- 17,424
- Total parking
- 30
Systems and utilities
- Heating
- Forced Air
- Utilities
- Water Available, Natural Gas Available, Electricity Available
- Sewer
- Private Sewer
- Water
- Public
Taxes and HOA
- Property taxes
- about $7,221 a year
- Tax year
- 2025
- Parcel number
- 318-213-07-002-000
- Township
- Orange
Sale terms
- Financing accepted
- Conventional
Around it
ZIP 43035: 76 homes for sale · sold prices. Delaware County: 703 homes for sale · county sold data. Town: everything for sale in Lewis Center · Lewis Center sold prices and days on market.
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Shown here through the MLS IDX program by Blacktree Realty. Listing information is provided by the Columbus and Central Ohio Regional MLS through the Internet Data Exchange program and is deemed reliable but not guaranteed. Listings held by brokerages other than Blacktree Realty are identified with the listing brokerage's name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated Oct 19, 2026, 6:08 PM.