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    45 Lake St Delaware, OH 43015

    Sponsored
    For Sale
    $499,950

    10,000 SF Executive Office, $499,950

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,000-square-foot executive office building presents a unique adaptive reuse opportunity in Delaware, Ohio's vibrant downtown. Situated on a 0.307-acre lot (APN 519-431-21-014-000), this historically significant two-story building, constructed in 1862, boasts a charming timber and frame design. Currently 100% occupied as a single-tenant property, the building features tall ceilings, a partially finished lower level with a walk-out access to a sizable rear parking lot, and recently updated restrooms. Significant mechanical and structural improvements have already been completed. The property is zoned Community Business District (B-3), allowing for flexibility in its future use, including potential residential conversion. Its prime location offers easy access to major roadways, including US-23, US-36, OH-37, and I-71. The building's historical character may qualify it for advantageous historic tax credits, presenting a compelling investment opportunity. The asking price is $499,950, translating to $50 per square foot. This is a rare chance to acquire a substantial, well-maintained property in a thriving Ohio community.

    Property Features for 45 Lake St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,000 SF
    Class
    C
    Lot Size
    13,373 SF

    Building Details

    Year Built
    1862
    Buildings
    1
    Stories
    2

    HighLights

    • 10,000 SF historic building in downtown Delaware, Ohio.
    • Zoned Community Business District (B‑3).
    • 1860s timber & frame construction.
    • Adaptive reuse opportunity for office or residential conversion.
    • Partial mechanical and structural updates complete.
    • New restrooms installed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Foust Engineering Inc Engineer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Delaware
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0590836
    Latitude
    40.2998863

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    FAQs

    What type of property is this?
    Office Property / Space - 10,000 SF Executive Office, $499,950
    Where is this office property / space located?
    The property is located at 45 Lake St Delaware, OH.
    What is the asking price?
    The asking price for this property is $499,950.
    What are key features of this property?
    This property features: 10,000 SF historic building in downtown Delaware, Ohio.; Zoned Community Business District (B-3).; 1860s timber & frame construction.
    Request Owner's contact information
    45 Lake St Delaware, OH 43015
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    Delaware, OH 43015
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    45 Lake St Delaware, OH 43015
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