Westerville Ohio Commercial Properties for Sale

Westerville Ohio Commercial Properties for Sale

$699,999
225040524 MLS
Discover the perfect property to launch or expand your assisted living business with this spacious 6-bedroom, 3-bath ranch home set on 2.37 picturesque acres in the heart of Westerville. Surrounded by mature trees and peaceful natural scenery, this property offers a tranquil, residential environment ideal for senior living--while maintaining the convenience of being close to shopping, healthcare, and major roadways within the highly regarded Westerville School District. Inside, the thoughtful layout provides both comfort and functionality, featuring a welcoming living room, a cozy family room with a wood-burning fireplace, and a large eat-in kitchen. The expansive, sun-filled great room offers the perfect gathering space for residents or group activities year-round. A first-floor laundry area adds to the practicality, and the newly finished 800 sq. ft. of lower-level space allows for flexible expansion, whether for additional resident rooms or recreational areas. Outdoors, residents and guests can enjoy a large front porch and a spacious back deck overlooking the serene property, perfect for relaxation and social connection. A detached one-car garage offers additional storage or potential conversion for facility needs. With its generous square footage, private yet accessible location, and adaptable design, this property presents an outstanding opportunity for use as an assisted living home, senior care residence, or transitional housing solution.

6685 Tussic Street Road, Westerville

Listing Courtesy of : Stacey A Morris ---- R.K. Morris & Associates

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Westerville Ohio Commercial Real Estate

Search retail, office, medical, flex/industrial, land for development, and investment property in Westerville. Below you’ll find submarket insights, use cases, leasing vs. buying guidance, financing options, due-diligence checklists, and an FAQ.

Why Choose Westerville for Your Business?

Talent & Connectivity

Proximity to Columbus, major highways (I-270/I-71), and Otterbein University fuels hiring and customer access.

Diverse Inventory

From Uptown storefronts to Polaris-area office/medical and light industrial near the Rocky Fork corridor, options fit startups to scale-ups.

Growth & Stability

Strong demographics, parks and trail network, and steady housing demand support long-term commercial performance.

Commercial Property Types We Help With

Retail & Restaurant

  • Uptown storefronts and neighborhood centers
  • Endcaps, drive-thru sites, and pad-ready lots
  • Polaris-influenced traffic and daytime population

Office & Medical

  • Small suites to full floors; creative/medical build-outs
  • Owner-user buildings with parking ratios for clinics
  • Proximity to major healthcare systems

Industrial, Flex & Land

  • Warehouse/office flex, light manufacturing, R&D
  • Clear heights, dock/drive-in mixes, utility capacity
  • Shovel-ready sites for build-to-suit

Popular Commercial Areas

Uptown & Main Corridors

  • Uptown Westerville – walkable retail & restaurant
  • State St / Huber Village – daily-needs centers
  • Cleveland Ave / Schrock Rd – office/medical clusters

Regional & Industrial

  • Polaris influence – regional retail and Class-A office
  • Rocky Fork / East side – flex & light industrial
  • Near Hoover – specialty/experiential destinations

Lease vs. Buy: Which Path Fits?

Leasing Advantages

  • Lower upfront capital
  • Flexibility for growth/relocation
  • TI (tenant improvement) packages available

Owning Advantages

  • Build equity & hedge rent inflation
  • Control occupancy costs & branding
  • Potential tax benefits & SBA financing

Not sure? We’ll underwrite both options with realistic TI, CAM, and interest-rate assumptions.

Commercial Financing Options

SBA 7(a) & 504

Great for owner-users. Lower down payments, longer terms; 504 pairs bank + CDC for fixed-rate equipment/real estate.

Conventional & Bridge

Bank or private-lender loans for stabilized or value-add deals. Bridge loans cover short hold/lease-up periods.

Sale-Leaseback & BTS

Unlock capital via sale-leaseback or pursue build-to-suit with a developer—maintain occupancy while improving liquidity.

Commercial Due-Diligence Checklist

Physical

  • Roof/HVAC/electrical/plumbing capacity
  • Parking ratios & accessibility
  • Environmental (Phase I/II), asbestos, radon

Legal & Entitlements

  • Zoning/use verification & variances
  • Signage, drive-thru, patio permits
  • Easements, covenants, encroachments

Financial

  • Rent roll & leases (NNN/CAM reconciliations)
  • Operating statements & tax history
  • Pro formas: TI, downtime, leasing costs

We coordinate inspectors, environmental consultants, architects, and lenders—and negotiate timelines that fit your feasibility window.

Let’s Match Space to Your Strategy

Tell us your ideal size, use, parking needs, and budget. We’ll surface on- and off-market options, model lease vs. buy, and negotiate TI or pricing to your advantage.

Westerville Commercial Real Estate FAQ

What are typical commercial lease rates and prices in Westerville?

Rates and pricing vary by location, condition, and use. Uptown storefronts and Polaris-influenced corridors trend higher than neighborhood centers or flex. Ask us for a live list of comps and available spaces.

What lease structures are common?

Expect NNN (tenant pays taxes/insurance/CAM), modified gross, or full-service for office. We’ll help compare effective rent after TI, free rent, and escalations.

What permits or approvals might I need?

Fit-out permits, signage, patio or drive-thru approvals, and change-of-use where applicable. We’ll coordinate with your architect to confirm code/ADA compliance.

How much down payment for an owner-occupied purchase?

SBA 504/7(a) can start near 10% down for qualified businesses; conventional loans often require more. We’ll compare options and model monthly costs vs. leasing.

Is Westerville good for commercial investment?

Strong demographics and proximity to Columbus support retail, office/medical, and flex demand. Your risk/return depends on tenant credit, lease length, and cap-ex—let’s underwrite opportunities before you write.