15 Franklin StDelaware, OH 43015

Property Details for 15 Franklin St

Year built

1821

Lot size

0.23 AC

Property size (Sq ft)

3,380 SF

Property type

Investment properties

Property subtype

Live-work space

APN

519-432-26-011-000

APU

51943226011000

Description

This exceptional 3,264 square foot office building presents a unique investment opportunity in Delaware, Ohio's historic district. Built in 1821, the two-story structure at 15 N Franklin St boasts significant character and charm. The property features ample attached surface parking, providing convenient access for employees and clients. Ideal for general office use, the layout includes a full reception and waiting area, enhancing the professional image. Two well-appointed conference rooms cater to meetings and presentations, while five spacious private offices offer individual workspaces. Both floors include in-suite restrooms, and a convenient kitchenette is also provided. The building offers both front and back entrances, providing flexibility and accessibility. Located in Delaware County, Ohio, with a zip code of 43015, this property combines historical significance with modern functionality, making it an attractive proposition for businesses seeking a prestigious and well-equipped office space. The asking price is $475,000. This is a rare opportunity to own a piece of Delaware's rich history while enjoying the benefits of a well-maintained and functional office building.

• CAP approach

  CAP return

  Valuation

  6%

  $638,093

  6.5%

  $589,008

  7%

  $546,936

• Comparable approach

  Method

  Valuation

  Relative Method

  $316,165

  Geo Method

  $316,165

• Alternative Use

  Use

  Valuation

  Residential

  $730,371

  Hospitality

  $669,016

  Educational

  $556,613

  Medical

  $575,756

  Retail

  $865,842

Location Insight

City

Delaware

County

Delaware

State

Ohio

Latitude

40.2995

Longitude

-83.0699

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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