56 N Franklin St - Freestanding FOR SALE


Delaware, OH 43015
$379,900 USD
614-679-3412
56 N Franklin St, Delaware, OH for Sale
$379,900 USD
Freestanding - FOR SALE
1/37
null | Request Cap Rate

56 N Franklin St
Delaware, OH 43015


HIGHLIGHTS

  • 2,773 SF Office Building
  • Located in Historic Downtown Delaware
  • Currently Utilized as a Spa
  • Full Kitchen, Laundry Room, and Staff Retreat
  • Easy Access to Historic Downtown Amenities
  • Turnkey Operation Potential

OVERVIEW

56 N Franklin St. is a 2,773 SF office and retail building located in the heart of historic Delaware, offering a beautifully updated turnkey opportunity for a variety of users. Currently operating as a day spa, the property was fully renovated in 2022 with new flooring, fresh paint, and updated doors, creating a modern and inviting atmosphere. Along with aesthetic improvements, both HVAC units are newer, and all required updates have been completed in coordination with the City of Delaware Fire Marshal, business insurance, and the Board of Cosmetology. The building offers designated staff parking along with convenient street parking for clients. The main level features a spacious reception area with built in shelving for product display, a comfortable client seating area with a coffee bar, and multiple treatment or office rooms, making it ideal for continued spa use, medical office, professional office, or boutique retail. For your convenience, there is a laundry room on-site. The second floor includes a private kitchen and staff retreat, a restroom, and additional client rooms, and its proximity to the rear entrance creates potential for multi tenant use. Zoned within the Downtown Commercial District, the property allows for a wide range of uses and is positioned in a strong and growing market, with the City of Delaware reporting a median income of $99,786 and Delaware County at $133,540. This area has seen significant population growth and has nearly doubled since 2000 and continues to grow at approximately 3 percent annually. Located in a historic downtown community, the area offers a vibrant mix of national franchises and locally owned businesses, including breweries, coffee shops, boutiques, and salons that drive consistent business to one another. The property is just steps from Ohio Wesleyan University, home to approximately 1,600 students. Associated spa business could be included in sale for an additional $140,000.00. An NDA is required to access business financials and other confidential information.

FOR SALE DETAILS

PRICE

$379,900 USD

PRICE/SF

$137 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Optional Associated Spa Business For Sale!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

C-DC

APN/PARCEL ID

519-432-24-013-000

ASK ABOUT THIS PROPERTY

Nicole Yoder-BarnhartYoder-Barnhart Team/Howard Hanna Real EstateMore Info
614-679-3412

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Nicole Yoder-BarnhartYoder-Barnhart Team/Howard Hanna Real EstateMore Info
614-679-3412

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.