First-Floor Downtown Retail
For Sale
Contact for pricing
18 N Sandusky St, Delaware, OH 43015
First-floor retail in Downtown Delaware with convenient public parking access behind the building.
Property Size17,000 SF
Price / SF$70.59
Days on Market877
Property Features for 18 N Sandusky St
General Information
Standard status
Active
Size
17,000 SF
Property subtype
OFFICE
Additional Details
Floor
Ground
Listing Agency:
3CRE Advisors, LLC - corporate
(740) 972-8499
Listed By:
Brett Post · License ##2014000355
(740) 972-8499
Source:
Moodyscre
Added: Mar 13, 2024
Changed: Jul 29
Last Checked: Jul 29 at 2:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 3CRE Advisors, LLC - corporate
Investment Insights
Based on property information with market context.
This first-floor retail space is located in the heart of Downtown Delaware and offers a practical layout for street-level retail use. The property encompasses approximately 17,000 square feet, providing space for a range of retail and storefront concepts.
Access and day-to-day convenience are supported by a public parking lot located behind the building, with retail access next to the parking area. The setting is described as walkable, with the property within walking distance of Ohio Wesleyan College, supporting steady pedestrian traffic potential.
The space also presents mixed-use potential or redevelopment options for buyers looking to reposition the asset. The combination of downtown storefront presence, public parking access, and proximity to Ohio Wesleyan College makes this property a strong candidate for an owner-operator or a redevelopment plan.
Access and day-to-day convenience are supported by a public parking lot located behind the building, with retail access next to the parking area. The setting is described as walkable, with the property within walking distance of Ohio Wesleyan College, supporting steady pedestrian traffic potential.
The space also presents mixed-use potential or redevelopment options for buyers looking to reposition the asset. The combination of downtown storefront presence, public parking access, and proximity to Ohio Wesleyan College makes this property a strong candidate for an owner-operator or a redevelopment plan.
Key Highlights
- First‑floor retail space totaling about 17,000 SF
- Downtown Delaware setting with walkable access
- Public parking lot located behind the building
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.9k | $5.76 |
| − Vacancy | −$3.5k | −$0.21 |
| EGI | $94.4k | $5.55 |
| − OpEx | −$28.3k | −$1.67 |
| NOI | $66.1k | $3.89 |
17,000 SF · lease $5.76/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$944.1K
$826.1K – $1.10M
NOI $66,090 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.43M
$3.00M – $4.00M
NOI $239,847 @ 7.0% cap · market cap 19.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,047
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 33%
Electronics 3%
Home Improvements & Furnishings 2%
United Dairy Farmers
Shops & Services
18,005 visits/mo
0.4 miles
Tim Hortons
Dining
11,721 visits/mo
0.4 miles
Amato's
Dining
6,705 visits/mo
0.3 miles
Huntington Bank
Shops & Services
6,016 visits/mo
0.3 miles
BP
Shops & Services
5,208 visits/mo
0.2 miles
Demographics for 43015, OH
57,563
Population
23,287
Households
2.5
Avg Household Size
38
Median Age
47%
College-Educated
96%
High-School Grad
127.9 sq mi
ZIP Area
450
Density / Sq Mi
$99,622
Median Household Income
$50,799
Median Earnings
$1,207
Median Rent
$311,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - First-floor retail in Downtown Delaware with convenient public parking access behind the building.
Where is this retail space located?
The property is located at 18 N Sandusky St Delaware, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: First‑floor retail space totaling about 17,000 SF; Downtown Delaware setting with walkable access; Public parking lot located behind the building
