27 Sandusky StDelaware, OH 43015

Property Details for 27 Sandusky St

Year built

1920

Lot size

0.09 AC

Property size (Sq ft)

5,268 SF

Property type

Retail properties

Property subtype

Retail space

APN

519-432-25-038-000

APU

51943225038000

Description

This exceptional 2,650 square foot retail storefront, listed at $750,000, presents a compelling investment opportunity in the heart of Delaware, Ohio. Located at 27 N Sandusky Street, this property enjoys a highly desirable location within walking distance of Ohio Wesleyan College, ensuring consistent foot traffic and visibility. Currently operating at 100% occupancy with a long-term tenant and lease in place on the first floor, this property offers immediate cash flow. The unfinished second floor provides significant potential for value-add development, suitable for conversion into residential units or additional office space. The commercial zoning allows for flexibility in future uses. Situated on a busy retail thoroughfare, the property benefits from its proximity to a vibrant mix of local businesses, including shops, restaurants, and breweries, contributing to a thriving and walkable environment. This property offers a rare blend of immediate income generation and substantial upside potential, making it an attractive investment for discerning buyers. The property's address is 27 N Sandusky St, Delaware, OH 43015.

• CAP approach

  CAP return

  Valuation

  6%

  $1,462,608

  6.5%

  $1,350,099

  7%

  $1,253,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,241,777

  Geo Method

  $1,241,777

• Alternative Use

  Use

  Valuation

  Residential

  $1,138,859

  Hospitality

  $1,043,189

  Educational

  $867,921

  Medical

  $897,770

  Retail

  $1,350,099

Location Insight

City

Delaware

County

Delaware

State

Ohio

Latitude

40.2997

Longitude

-83.0681

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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