Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Bbq Area
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Building Supply General Contractor
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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