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Key Details
Sold Price $800,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 25,412 sqft
Price per Sqft $31
MLS Listing ID 1001568228
Sold Date 12/30/21
HOA Y/N N
Originating Board SCAOR
Year Built 1980
Annual Tax Amount $6,689
Lot Size 1.980 Acres
Acres 1.98
Lot Dimensions 186 x 526 (irregular)
Property Description
Manufacturing, Retail, Office Park in downtown Milton, with City water & sewer. The former home to Atlantis Industries, 9 Park Street consists of a commercial 1.98 acre lot, situated between Federal Street and the shores of Wagamons Pond, improved by 21,860 sq ft of commercial interior space in five interconnected buildings, suitable for a single user or multiple tenants, having an annual gross potential rental income of $194,580. .44 acres of what was public access Park Street is now privately owned and has been incorporated with the 1.547 acres manufacturing site to create a lot area of 1.98 acres. See survey attached. An easement will be granted over 9 Park Street land for 10 Park Street ingress / egress. Property is contiguous to Milton Elementary School, Wagamons Pond and the rails to trails bike trail initiative.
Location
State DE
County Sussex
Area Broadkill Hundred (31003)
Zoning LIGHT INDUSTRIAL
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C, Zoned
Flooring Concrete, Vinyl
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 10.0
Water Access N
Roof Type Composite,Rubber
Accessibility None
Road Frontage City/County
Total Parking Spaces 10
Garage N
Building
Story 1
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 235-20.11-5.00
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, Lease Purchase
Listing Terms Cash, Conventional, Lease Purchase
Financing Cash,Conventional,Lease Purchase
Special Listing Condition Standard
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Bought with SHAUN TULL • Jack Lingo - Rehoboth
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