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Key Details
Sold Price $500,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DESU2002476
Sold Date 09/30/22
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $1,501
Tax Year 2021
Lot Size 4,792 Sqft
Acres 0.11
Lot Dimensions 75.00 x 93.00
Property Description
Investment property in downtown Milford, DE with leasing activity up over 100% in the last 18-months. The building is now approximately 70% occupied income of $55,000 +/- and potential income of $78,000. The building has a commercial kitchen (currently leased) with a successful bakery bringing in many patrons every day. Three other tenants are currently in the building with one of them likely to expand. The building has on-street parking and is across from a public parking lot.
Location
State DE
County Sussex
Area Cedar Creek Hundred (31004)
Zoning TN
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Propane - Leased
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Milford
Others
Tax ID 130-01.20-58.00
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Jose Quinones • Linda Vista Real Estate
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