8062 Orange Center DrLewis Center, OH 43035

Property Details for 8062 Orange Center Dr

Year built

1990

Lot size

5.29 AC

Property size (Sq ft)

14,028 SF

Property type

Retail properties

Property subtype

Other car washes

APN

318-321-01-005-000

APU

31832101005000

Description

This exceptional 4.047-acre commercial land parcel presents a unique development opportunity in the thriving Lewis Center, Ohio market. Situated at 8062 Orange Centre Dr., in Delaware County (zip code 43035), this property boasts a prime location along a rapidly expanding retail corridor. Currently occupied by a tenant (whose operations will cease upon sale), the site offers flexibility with the option to subdivide. The property benefits from high visibility at a lighted intersection. Significant recent development underscores the area's growth trajectory, including a new Sheetz under construction directly across the street, and nearby established retailers such as BJ's Wholesale, Aldi, and Walmart. Lewis Center's robust population growth, fueled by Delaware County's status as Ohio's fastest-growing county, makes this an attractive investment. Further enhancing the area's appeal are plans for a new hotel and condo community in close proximity. This property offers significant potential for a variety of commercial uses, capitalizing on the area's strong demographics and ongoing development. The site's size and location make it ideal for a range of projects, from retail to automotive, ensuring a strong return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $4,302,191

  6.5%

  $3,971,253

  7%

  $3,687,592

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,306,692

  Geo Method

  $3,306,692

• Alternative Use

  Use

  Valuation

  Residential

  $3,349,901

  Hospitality

  $3,068,491

  Educational

  $2,552,948

  Medical

  $2,640,748

  Retail

  $3,971,253

Location Insight

City

Lewis Center

County

Delaware

State

Ohio

Latitude

40.1744

Longitude

-83.0208

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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