5404 Columbus Pike, Delaware, OH 43015 (MLS# 223038777)

5404 Columbus Pike, Delaware, OH 43015

$950,000

4 Parcels - 9.04 Acres with Frontage along SR 23

Sewer Easements in Yellow & White - NE Parcel outlined in Yellow

Older Survey Dwg showing Utility Easements

Property Type: Commercial Square Footage: 3,024 Lot Size (sq. ft.): 393,782 Status: Closed

Current Price: $950,000 List Date: 11/29/2023 Last Modified: 3/03/2025

Overview

Description

Commercial Land - Approx. 9.04 Acres FOR SALE on Columbus Pike (St. Rt. 23), Lewis Center, OH. Prime Delaware County location, the 2nd fastest growing county in Ohio. Current Commercial zoning: Neighborhood Commercial District (NCD) and Farm Residence (FR-1.) Four contiguous parcels are included in the sale. Seller engaged reputable appraiser to perform appraisal based on underlying land only. The property contains several structures (small office, original house, garage/shelter & large pole barn). Three business tenants are currently on a month-to-month basis. Tenants are open to remaining if possible. Current annual net income is approx. $43,000. As there are active business concerns, please Do Not disturb tenants. An excellent multi-use opportunity. Agents: See Agent Remarks.

Listing Details MLS# 223038777

Location Property Info

Original List Price: 974900
Property Sub Type: Mixed Use
Street #: 5404
Street Name: Columbus
Street Suffix: Pike
County: Delaware
State: OH
Zip Code: 43015
Subdiv/Cmplx/Comm: LEWIS CENTER - LIBERTY TWP
Township: Liberty

OfficeContract Info

MLS Entry Date: 2023-11-29

General Property Info

Previous Use: Fld Ofc, Lay-Down Yd
Total SqFt Available: 393000
Bldg Sq Ft: 3024
Max Cont Sqft Avail: 3024
Minimum Sqft Avail: 215000
Occupancy Rate: 100
Dock Size: N/A
Use Code: 499 - OTHER COMMUNITY STRUCTURES
Acreage: 9.04
# of Docks: 0
Assoc/Condo Fee: 0

Tax Info

Parcel #: 419-440-03-057-000
Zoning: Commercial
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: Four Parcels: 419-440-03-056-000, 419-440-03-057-000, 418-330-01-071-000 & 418-330-01-072-000
Assessment: None Known
Tax Year: 2022
Tax Abatement: No
Taxes (Yrly): 18676
Tax Incentive: No

Status Change Info

Under Contract Date: 2024-04-27
Sold Date: 2024-09-20
Sold Price/SqFt: 2.42

Financials

Gross Rental Income: 63000

More Information

Expenses

R.E. Taxes: 18675
Property Insurance: 2000

Auction Info

Auction/Online Bidding Y/N: No

Sale Info

Seller Assisted Fin: N
Seller/Buyer Concessions: N

Location & Property Info

List Price/SqFt: 2.48
City (Mailing Addr): Delaware
Dist To Interchange: 9
Corp LimitPerAuditor: None

Office/Contract Info

For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 0

Remarks & Misc

Property Description: Commercial Land - Approx. 9.04 Acres FOR SALE on Columbus Pike (St. Rt. 23), Lewis Center, OH. Prime Delaware County location, the 2nd fastest growing county in Ohio. Current Commercial zoning: Neighborhood Commercial District (NCD) and Farm Residence (FR-1.) Four contiguous parcels are included in the sale. Seller engaged reputable appraiser to perform appraisal based on underlying land only. The property contains several structures (small office, original house, garage/shelter & large pole barn). Three business tenants are currently on a month-to-month basis. Tenants are open to remaining if possible. Current annual net income is approx. $43,000. As there are active business concerns, please Do Not disturb tenants. An excellent multi-use opportunity. Agents: See Agent Remarks.

Income/Expenses

Gross Income: 63000
Net Operating Income: 44325
Total Expenses: 18675

Addl Acceptance Cond

None Known: Yes

Expenses Paid by L

Building Insurance: Yes
RE Taxes: Yes

T Reimburses L

Curr Yr Est $/SF TRL: 0

T Contracts Directly

All Utilities: Yes
Cam: Yes
Janitorial: Yes
Repairs: Yes

Services Available

Electricity Available: Yes
Natural Gas Available: Yes
Sewer Available: Yes
Storm Sewer: Yes
Water Available: Yes

New Financing

Conventional: Yes

Business Type

Auto Service: Yes
Church: Yes
Farm: Yes
Financial: Yes
Gas Station: Yes
Hotel/Motel: Yes
Industrial: Yes
Professional/Office: Yes
Restaurant: Yes
Retail: Yes
Shopping Center: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Expenses Paid by L: Building Insurance; RE Taxes T Contracts Directly: All Utilities; Cam; Janitorial; Repairs Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Business Type: Auto Service; Church; Farm; Financial; Gas Station; Hotel/Motel; Industrial; Professional/Office; Restaurant; Retail; Shopping Center New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided

Listing Office: Berkshire Hathaway HS Pro Rlty

Listing Agent: Craig H Mayhew

Last Updated: March - 03 - 2025

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