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Listed by Chelsye Phillips-Hutton • NAI Coastal
$ 1,990,000
Est. payment | /mo
$ 1,990,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID DEKT2038828
Year Built 1945
Annual Tax Amount $5,148
Tax Year 2024
Lot Dimensions 109.00 x 165.00
Property Sub-Type Office
Source BRIGHT
Property Description
This is a beautiful, well maintained and recently renovated investment property centrally located in the heart of downtown Milford, DE. This property boasts an annual income of over +/- $180,000 at NNN terms, offering significant investment and income potential to a qualified Buyer.
The property contains two Class A, well-established Tenants, supporting sustainable income and a strong Tenant mix.
The property is located within Milford's Central Business District and is surrounded by prospering businesses and in close proximity to Route 13. The Central Business District offers multiple incentives through the City of Milford and State of Delaware such as Opportunity Zone and Downtown Development District grants.
The property contains two Class A, well-established Tenants, supporting sustainable income and a strong Tenant mix.
The property is located within Milford's Central Business District and is surrounded by prospering businesses and in close proximity to Route 13. The Central Business District offers multiple incentives through the City of Milford and State of Delaware such as Opportunity Zone and Downtown Development District grants.
Location
State DE
County Kent
Area Milford (30805)
Zoning C2
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Heat Pump(s)
Heat Source Electric
Exterior
Garage Spaces 12.0
Water Access N
Accessibility None
Total Parking Spaces 12
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Milford
Others
Tax ID MD-16-18310-03-7000-000
Ownership Other
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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