Courtesy of: Matthew Hance, EXP Realty, LLC, matthewvhance@gmail.com
Courtesy of: Matthew Hance, EXP Realty, LLC, matthewvhance@gmail.com
$1,325,000
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Lot: 0.40 Acres
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Other
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$1,325,000
1550 Lewis Center Road 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 current businesses operating with long-term leases. Move your operation into 1 vacant space located on the 2nd floor: seller's current office (1, 200sqft) which features a kitchen, utility room, and full bathroom. Or further lease to generate additional revenue. Market value per sqft for office space in the area is between $25-$30. Large gravel sitting area added in 2023 to side of building for Whit's customers. Potential to increase gross revenue at 100% occupancy to $145, 920 which would equate to a 8.4% cap rate.
Courtesy of: Matthew Hance, EXP Realty, LLC, matthewvhance@gmail.com
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