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SOLD Commercial Real Estate

Two Delaware County Commercial Properties Change Hands This Week

According to the Delaware County Auditor’s Office, there were two valid sales involving commercially zoned properties this week in Delaware County.

Garrett Development Group LLC purchased 1460 Manning Parkway in Powell, Ohio, for $1,180,000. The building is an office condominium that was built in 1996 and has 3,919 square feet. Manning Parkway is located off State Route 315 just north of Worthington Hills in southern Delaware County.

EBJT Holdings LLC purchased 6351 State Route 656 in Sunbury, Ohio, for $61,800. The property is essentially 0.81 acres of land with an old structure on it. It sits in “downtown” Olive Green just north of the State Routes 521 and 656 intersection.

A valid sale is one in which the parties are not related and the purchase is considered an “arm’s length” transaction.

SOLD Commercial Real Estate

Sold this Week in Delaware County

AZM Realty Ltd. has purchased a Sunbury, Ohio office building this past week for the only valid-sale transaction in Delaware County, Ohio, according to the Delaware County Auditor’s Site.

The property, located at 801 West Cherry Street — State Routes 36/37 — is a two-story structure located on the north side of the building just at the edge of Sunbury towards I-71. The building was built in 1996 and has 12,000 square feet that are rented to multiple tenants. According to the Delaware County Auditor, AZM Realty Ltd. paid $1,042,000 for the property.

A valid sale is a term utilized by the Auditor’s office to differentiate between simply a change or edit to the title of a property that must be recorded but does not necessarily mean a change of hands. Valid sale can also be called an arm’s length transaction, essentially meaning that – in theory – neither party was in distress and the value can be considered the highest and best for the property today.

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

Former Betty’s Boutique Finds New Owner

The former Betty’s Boutique has found a new owner according to the Delaware County Auditor’s office.

The property, located 4111 Stover Road, sits at the intersection of Stover Road and State Route 36 just west of Ostrander, Ohio. The property was purchased for $230,000 by a Delaware couple.

In total, four commercial properties changed hands in Delaware County last week. They included the following:

AddressCityTransfer Price
160 Johnson DriveDelaware$862,297
653 McCorkle WayWesterville$199,000
68 Olentangy CrossingDelaware$525,000
4111 Stover RoadOstrander$230,000
Information courtesy of the Delaware County Auditor’s Office.

If you are looking to buy or sell commercial real estate in Central and North-Central Ohio call Toby Boyce at (419) 618-8629!