DELAWARE CITY SCHOOLS REAL ESTATE AUCTION
Opportunity knocks with this 1.407+/- acre property, featuring an 8,769+/- sq. ft. one-story former school and school district administration building.
Description
DELAWARE CITY SCHOOLS
REAL ESTATE AUCTION
LIVE - NO BUYER’S PREMIUM!
THURS. JUNE 12, 2025 @ 5:30 PM
Property Location: 248 N. Washington St. Delaware, Oh 43015. E. side of N. Washington Street, S. of W. Fountain Ave. & N. of W. Lincoln Ave., within the city of Delaware.
Auction Held Offsite: @ 74 W. William St. Delaware, Oh. 43015 at the Board offices in the Willis Education Center building. Registration opens at 4:30pm.
REAL ESTATE (Parcel #519-432-02-009-000): Opportunity knocks with this 1.407+/- acre property, featuring an 8,769+/- sq. ft. one-story former school and school district administration building. This nearly rectangular parcel boasts 285.72+/- ft. of St. frontage and a depth of 200+/- feet. The immediate area features an established stock of older residences and commercial properties generally exhibiting ongoing maintenance and renovation levels. This is a grand building, believed to have been originally constructed as a school in 1869 with a subsequent older addition, features a central hall with large stained glass overhead Atrium, stucco and masonry exterior, a composition tile roof, and a full basement. Inside, you'll find a front waiting area, offices, classrooms, storage rooms, and restrooms. The northern 1,200+/- sq. ft. section, a former gymnasium, now serves as storage and features original wood flooring. Main floor classrooms and offices have vinyl and commercial-grade carpeting, wood-framed doorways, and vinyl-framed windows. The unfinished basement houses mechanicals, including a hot water boiler heater. Individual wall A/C units are present. Exterior improvements include asphalt paved and stoned parking area for 45 plus vehicles, concrete ramps and walkways, and yard area. The property has been maintained. 5,000+/- sq. ft. is currently leased by Goal Digital Academy (lease expires July 31, 2025). Zoned R-3 (Single Family Residential District, this property is not a residence), this site offers a prime location for development or your dream property. Public water and sanitary sewer services are available, and the property sits outside the 100-year flood plain. Access and parking are conveniently located off N. Washington Street. The vibrant downtown Delaware district, with its urban-oriented shopping and employment amenities, is located S.E. of the property. Easy access to major transportation arteries is provided by US 23 (north-south) and E. Central Ave. / E. William St. (east-west), which converge on the E. side of Delaware and connect to US 36, intersecting I-71. The area is experiencing significant redevelopment, including the RiverWest development with commercial and apartment uses, the Food Truck Depot, and the proposed repurposing of the former Rail Depot at East Central and Lake Street. Delaware County is one of Ohio's fastest-growing counties, and that growth is projected to continue. Don't miss this chance to own a piece of Delaware County!
TERMS & CONDITIONS: The sale shall be subject to a minimum opening bid of $500,000.00. The sale shall be made to the highest bidder, subject to board approval. The Board shall meet on June 12, 2025, after the conclusion of the auction. The board reserves the right to reject any and all bids, even bids which are at or above the minimum bid. Immediately upon conclusion of the auction, the high bidder shall (a) sign the Auction Real Estate Purchase Contract and (b) shall pay a deposit in the amount of $50,000.00 (non-refundable) by cashier’s check from a financial institution, made payable to Delaware City Schools. The Deposit shall be (i) applied against the purchase price if the Board approves the high bid; or (ii) retained by the Board if the Board approves the high bid but the high bidder does not complete the purchase of the Property. If the Board accepts the high bid, the balance of the purchase price shall be payable at closing, with the closing to occur no later than June 30, 2025. Only unconditional bids shall be accepted. By way of example, no bids shall be conditioned on buyer obtaining financing, permits, inspections, appraisals or governmental approvals. The auction shall be further subject to all terms and conditions more specifically outlined in the Auction Contract. To view the property please call our office.
BEN HIGGINS REALTY & AUCTION CO., LLC.
Ben A. Higgins, Broker & Auctioneer
Ben F. Higgins, Realtor & Auctioneer
Benjamin N. Higgins, Realtor & Auctioneer
740-387-5111/www.higginsauctions.com