Penny Way Pad

40 Coughlin Ln, Delaware, OH 43015

Property Information

  • For Lease Contact for pricing
  • Property Type VacantLand
  • Lot Size 0.96 Acre
  • Date Updated Apr 17, 2026

Description

Positioned within the rapidly expanding Coughlin’s Crossing mixed-use development, this pad-ready site offers a prime retail opportunity in one of Delaware’s fastest growing commercial corridors. Located just east of U.S. Route 23, the property benefits from exceptional visibility and convenient access via multiple signalized intersections, providing strong exposure to daily commuter and regional traffic. The surrounding development spans approximately 80 acres of mixed-use space, incorporating retail, residential, multifamily housing, office uses, and pedestrian-friendly amenities such as bike paths and green space, creating a built-in customer base and sustained daytime activity. Nearby tenants and businesses along Coughlin Lane include national and service-oriented retailers, dining options, and neighborhood conveniences, drawing consistent traffic from both local residents and commuters traveling along the U.S. 23 corridor.Located within the thriving Delaware MSA retail corridor, this pad-ready opportunity sits in the heart of one of Central Ohio’s fastest-growing trade areas. Positioned within the dynamic Coughlin’s Crossing development, the site benefits from a built-in customer base driven by a thoughtfully planned mix of retail, residential, office, and recreational uses across approximately 80 acres. Just east of U.S. Route 23, the property offers exceptional visibility and convenient access via multiple signalized intersections, capturing strong daily commuter and regional traffic connecting Delaware, Powell, and the greater North Columbus trade area. The surrounding corridor is anchored by a growing mix of national retailers, dining destinations, and service providers that generate consistent foot traffic throughout the day. The area is supported by strong and expanding demographics, with population within a five-mile radius projected to grow by more than 15% from 2024 to 2029 and median household incomes approaching $93,800—making this an ideal location for retailers and service users seeking long-term growth in a high-demand suburban market.

Highlights

  • Convenient access to major regional routes connecting Delaware, Powell, and the North Columbus trade area
  • High-growth trade area: population within 5 miles projected to grow 15%+ from 2024–2029
  • Median household income near $93,800 within 5 miles
  • Positioned in the Delaware MSA retail corridor

1 Space Available

Penny Way Pad

Space Type

VacantLand

Lease Rate

Contact for pricing

Total Space

41,817 SF

Divisible Space

0.96 - 0.96 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Lease type: NNN/Gross/MG - Ask Broker.

Contacts

PJ Williams

Passov Real Estate Group

Location

Contact Listing Broker
PJ Williams

Passov Real Estate Group

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