258 Houk Rd Delaware, OH 43015

This exceptional 18.37-acre parcel in Delaware, Ohio (APN 519-331-02-005-000), presents a unique development opportunity. City of Delaware approvals are in place for a 42-unit residential project encompassing 21 buildings. The plan includes nine single-story ranch-style buildings with walkout lower levels and twelve with full basements. Units will range from 1500 to 2000 square feet per level, primarily featuring two bedrooms and two-car garages. Patios or decks are approved for walkout units, and 35 additional parallel parking spaces are included on a private street. A charming 864-square-foot former schoolhouse, built in 1897, is situated on the property and is currently leased. This represents one of the last approved developments within the city, offering significant potential for investors seeking a high-demand residential project in a desirable location. The property is zoned PRD. The asking price is $1,385,000.