23 Union StDelaware, OH 43015

Property Details for 23 Union St

Year built

1920

Lot size

0.10 AC

Property size (Sq ft)

3,240 SF

Property type

Office buildings

APN

519-431-09-036-000

APU

51943109036000

Description

This exceptional investment opportunity presents a 3,405 square foot retail storefront located at 23 N Union St, Delaware, OH 43015. The property, built in 1920, is a single-story Class B building currently occupied by Go Yoga, a well-established tenant under a long-term lease, ensuring a stable income stream with minimal vacancy risk. The asking price is $625,000. Situated in the heart of downtown Delaware, this single-tenant property enjoys a highly visible location on a busy retail corridor, benefiting from excellent walkability and convenient access. Its proximity to Ohio Wesleyan College further enhances its appeal and potential for consistent foot traffic. The property is zoned for commercial use and is surrounded by a vibrant mix of local shops, restaurants, and breweries, creating a thriving and attractive commercial environment. This is an ideal investment for those seeking a stable, income-producing asset in a desirable location with a strong, reputable tenant. The property offers a unique blend of historical charm and modern commercial viability, making it a compelling opportunity for discerning investors. This turnkey operation requires minimal management, providing a low-risk, high-reward investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $612,230

  6.5%

  $565,135

  7%

  $524,768

• Comparable approach

  Method

  Valuation

  Relative Method

  $303,070

  Geo Method

  $303,070

• Alternative Use

  Use

  Valuation

  Residential

  $700,768

  Hospitality

  $641,900

  Educational

  $534,053

  Medical

  $552,420

  Retail

  $830,749

Location Insight

City

Delaware

County

Delaware

State

Ohio

Latitude

40.2995

Longitude

-83.0662

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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