15 Franklin StDelaware, OH 43015

  • Mixed-use properties
  • 3,380 SF
For Sale
$475,000 View listing

Property Details for 15 Franklin St

Year built
1821
Lot size
0.23 AC
Property size (Sq ft)
3,380 SF
Property type
Mixed-use properties
Property subtype
Other investment properties
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
15 Franklin St, Delaware, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,274
$28,420
$102,480
$130,900
-
$81,200
$292,800
$374,000

FAQs

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