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Category Archive Latest Transfers

$2,000,000 in Commercial Real Estate Change Hands in Delaware Last Week

According to the Delaware County Auditor, there were two valid sales of commercial property in Delaware County last week.

This Week’s Commercial Real Estate Sales

The property at 325 Venture Street in Lewis Center, Ohio, sold for $499,999 to Carrot LLC. 325 Venture is a single-store 4,250 square foot office building sitting on 1.25 acres. Venture Street is located in the section just south of Polaris Parkway and east of US 23.

A property on Cheshire Road was sold to The Shire LLC for $1,522,500. The lot is located east of Africa Road. The Delaware County Auditor’s site didn’t return any information on the parcel at this time.

What is a valid sale?

If you get the list of this week’s sales from the Delaware County Auditor you know that more than two properties were transferred. However, only two of them were valid sales. A valid sale is constituted when two non-related parties make an agreement for the property to change hands. Most invalid sales are changes in the documented ownership — moving from personal to LLC — or a refinance on the property.

All statistics are courtesy of the Delaware County Auditor’s office. Toby Boyce, with Coldwell Banker Realty, did not participate in either of these sales.

4+ Acres in Delaware Change Hands

Sawmill Delaware Investment LLC purchased just over four acres of land on Innovation Court this past week according to the Delaware County Auditor.

The 4.701 acres are located at the northwest end of Innovation Court, just south of where Airport Road currently runs along the south side of the airport. According to the auditor’s office, Sawmill Delaware Investment LLC purchased the property for $291,462 or $62,000 per acre.

This will connect to an additional 8.363 acres that Sawmill Delaware Investment LLC purchased in 2016. In a sign of the changing market, they purchased the 8+ acres for about $35,000 per acre.

The seller was MPTB LLC.

Whetstone Adds Nearly 75 Acres in Marion County

Whetstone Land Company LLC has purchased 75 acres along Patten Pike in Caledonia, Ohio – just east of Marion, Ohio – recently according to the Marion County Auditor’s Web site.

The land – divided into two parcels includes the home at 2699 Patten Pike – is located between Pole Lane Road and State Route 98. According to the Auditor’s site, they paid $500,000 for both parcels.

Flores Landscaping Purchases Five Acres

Flores Landscaping and Patio has purchased five acres along US 42 in southern Delaware, Ohio, according to the Delaware County Auditor this week.

The company purchased a five-acre parcel located adjacent to the diaper factory (Domtar Personal Care) between Slack and London Roads. The Auditor’s office reports the purchase price as $200,000.

Flores Landscaping and Patio, owned by Sergio Flores, covers most of Central Ohio according to its Web site. They build about anything outdoors, according to its Web site that includes:

  • Patios
  • Kitchens
  • Fire pits
  • Fireplaces
  • Pathways
  • Pergolas
  • Mulch bed walls
  • Lighting
  • Landscaping
  • Pools

Bauerle Automotive

Recently Sold – 223 Curtis Street in Delaware

223 Curtis Street LLC recently purchased the property at — surprise — 223 Curtis Street in Delaware, Ohio.

The property, which houses Bauerle Automotive, is just over 15,550 square feet and sits on 1.17 acres. According to the Delaware County Auditor’s Office, the parcel exchanged hands for $790,000.

According to the Columbus REALTORS MLS listing, the property was listed for sale at $845,000 with the business for sale at $125,000.

New Fire Station Delaware Ohio

Delaware Completes Purchase of New Fire Station

The city of Delaware completed the purchase of the former American Freight retail and corporate headquarters at 680 Sunbury Road in Delaware, Ohio, this past week according to the Delaware County Auditor’s office.

The city paid $3,995,000 for the parcel which is expected to become the city’s fifth fire station. The city will repurpose and renovate the current space rather than having to build an entirely new station. According to the Delaware Gazette story from about a month ago, that is estimated to save the city $13,000,000.

The station is expected to be completed in late 2023.