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1.48 Acres in Delaware, OH - $465,000
Positioned directly on busy US-23 just north of Delaware, this unique mixed-use property combines stable cash flow with multiple paths for future upside. Spanning roughly 1.48 acres across two parcels, the site includes an operating auto shop with fenced yard plus three residential units, all currently rented.
The front commercial building at 4225 is an approx. 1,872 SF auto shop with two bays, small office space, and a ~0.5 acre fenced yard, ideal for an auto user, contractor, or small business needing outdoor storage. Behind it sits 4225 Rear, a 3-bedroom, 1.5-bath, ~1,600 SF modular home featuring new LVT flooring and freshly painted paneling for a clean, contemporary look, with additional cosmetic upside remaining.
Next door, 4247 is a 2-bedroom, 1-bath single-wide mobile home, and 4245 is a 4-bedroom, 2-bath brick house with strong bones, newer flooring, and simple cosmetic updates st...
Next door, 4247 is a 2-bedroom, 1-bath single-wide mobile home, and 4245 is a 4-bedroom, 2-bath brick house with strong bones, newer flooring, and simple cosmetic updates still to be completed (cabinets, counters, appliances), offering clear value-add potential for the next owner.
Major capital items have already been addressed. All units have updated HVAC systems and hot water tanks, and the septic lines have been replaced and upgraded to Schedule 40 PVC to reduce the risk of backups and future maintenance headaches. Flooring has been updated in 4245, 4247, and 4225 Rear, providing a solid, low-hassle foundation for continued income.
With four leased units, diversified income from commercial and residential tenants, modernized mechanicals, and plenty of upside in rents and cosmetics, this property is a rare opportunity for an investor or owner-operator seeking cash flow today and room to grow tomorrow on a highly visible US-23 corridor.
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