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Investment Highlights

  • 2,773 SF Office Building
  • Currently Utilized as a Spa
  • Extremely Walkable Area with Tons of Foot Traffic
  • Located in Historic Downtown Delaware
  • Full Kitchen, Laundry Room, and Staff Retreat
  • Turnkey Operation Potential

Executive Summary

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 new within the past 1.5 years, 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 highly walkable downtown, the area offers a vibrant mix of national franchises and locally owned businesses, including breweries, coffee shops, boutiques, and salons that drive consistent foot traffic. The property is just steps from Ohio Wesleyan University, home to approximately 1,600 students.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,773 SF
Building Class
C
Year Built
1920
Price
$379,900
Price Per SF
$137.00
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
924 SF
Building FAR
0.80
Lot Size
0.08 AC
Zoning
C-DC - C-DC, Downtown Commercial District ****Please confirm zoning and your specific use with the city of Delaware
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
519-432-24-013-000
Land Assessment
$6,060
Improvements Assessment
$90,480
Total Assessment
$96,540
  • Listing ID: 40046021

  • Date on Market: 4/6/2026

  • Last Updated:

  • Address: 56 N Franklin St, Delaware, OH 43015

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