Freestanding Event Venue and
1400 Stratford Road Delaware Delaware, OH 43015
1400 Stratford Road Delaware, Delaware, OH, 43015
$670,000
For Sale
$670,000
Freestanding retail building with bar areas, kitchen, and two event spaces featuring vaulted ceilings and outdoor patios.
Property Size4,400 SF
Price / SF$152.27
Days on Market10
Property Features for 1400 Stratford Road Delaware
General Information
- Standard status
- Active
- Size
- 4,400 SF
Building Details
- Year Built
- 1959
Listing agency
(614) 660-5959
Listed by
Joe Herban
(614) 660-5959
Source
Movenowohio
Added: Jul 12 Updated: Jul 21 at 5:02PM Checked: Jul 21 at 5:02PM
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 Joe Herban
Investment Insights
Based on property information with market context.
Freestanding retail building formerly used as a winery with bar areas, event spaces, and a kitchen. The interior is divided into two event areas, each offering distinct character, including vaulted ceilings with exposed beams. The layout also includes adjacent outdoor patio areas and a fireplace feature, supporting event-style programming and guest gathering.
The property has approximately 260 feet of frontage along Stratford Road. An event business is currently operating in the building, so please do not disturb.
Multiple uses may be in play, subject to zoning approval. The adjacent property is available for sale separately or as part of a package, and the remarks note potential for assemblage and extension of a proposed use, subject to approvals.
The property has approximately 260 feet of frontage along Stratford Road. An event business is currently operating in the building, so please do not disturb.
Multiple uses may be in play, subject to zoning approval. The adjacent property is available for sale separately or as part of a package, and the remarks note potential for assemblage and extension of a proposed use, subject to approvals.
Key Highlights
- Freestanding retail building on a 0.85‑acre lot with 4,400 SF total building area
- Built in 1959 and formerly used as a winery with bar areas, kitchen, and event spaces
- Divided into 2 event areas with vaulted ceilings and exposed beams
Local Financial Insights For Industrial
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 | $96.1k | $21.84 |
| − Vacancy | −$23.1k | −$5.24 |
| EGI | $73.0k | $16.60 |
| − OpEx | −$21.9k | −$4.98 |
| NOI | $51.1k | $11.62 |
4,400 SF · lease $21.84/SF/yr · vacancy 24.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$730.3K
$639.0K – $852.1K
NOI $51,123 @ 7.0% cap · market cap 7.63%
Second Best
Specialty Retail
$261.8K
$229.1K – $305.5K
NOI $18,328 @ 7.0% cap · market cap 2.74%
Theoretical Best
Warehouse
$886.8K
$776.0K – $1.03M
NOI $62,078 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Blend of Seven Winery
Brewery & Distillery
Weight Watchers
Weight Loss Service
WW (Weight Watchers)
Weight Loss Service
Similar For Sale Nearby
FAQs
What type of property is this?
Wedding venue - Freestanding retail building with bar areas, kitchen, and two event spaces featuring vaulted ceilings and outdoor patios.
Where is this wedding venue located?
The property is located at 1400 Stratford Road Delaware Delaware, OH.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Freestanding retail building on a 0.85‑acre lot with 4,400 SF total building area; Built in 1959 and formerly used as a winery with bar areas, kitchen, and event spaces; Divided into 2 event areas with vaulted ceilings and exposed beams
