325 London Rd, Delaware, OH 43015-2444
This 1,536 square foot special purpose property, located at 325 London Road in Delaware, Ohio, presents a unique investment opportunity. Built in 1965, the building sits on a 0.35-acre lot (15,246 sq ft) and features a former two-car tandem drive-thru garage, a small office with a half bath, and a storage room. The property boasts 154 feet of road frontage on US 42, a major thoroughfare undergoing expansion, promising increased traffic and visibility. City sewer and water are available. Recent improvements include a brand new HVAC system installed in 2023, along with other office updates. The property is zoned SWA-1, allowing for a variety of permitted uses, including but not limited to parking garages, breweries, retail spaces, and health clubs. The asking price is $169,000, reflecting the property's current condition and offering significant potential for redevelopment. The property's strategic location in the rapidly expanding Delaware County makes it an attractive prospect for developers and investors seeking a high-growth area. The price per square foot is $110.03.
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Jimmie G' s Bbq Area
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EZ Delaware Garage Door Repair Building Supply General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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