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$ 1,990,000
Est. payment /mo
Active
105-111 NE FRONT ST Milford, DE 19963
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID DEKT2038828
Total Units 2
Short Sale No
Originating MLS BRIGHT
Property Description
This is a beautiful, well maintained and recently renovated investment property located
in the heart of downtown Milford, DE! Boasting an annual income of over +/- $180,000 at NNN terms, this property offers significant investment and income potential to a qualified Buyer.
The property contains two Class A, well-established Tenants with recently renewed lease terms, offering 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.
**Seller will consider holding a 2nd mortgage to secure financing for a qualified Buyer.
in the heart of downtown Milford, DE! Boasting an annual income of over +/- $180,000 at NNN terms, this property offers significant investment and income potential to a qualified Buyer.
The property contains two Class A, well-established Tenants with recently renewed lease terms, offering 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.
**Seller will consider holding a 2nd mortgage to secure financing for a qualified Buyer.
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
1-purchase type For Sale
Exterior
Garage Spaces 12
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 12
Building
New Construction N
Lot Dimensions 109.00 x 165.00
Sewer Public Sewer
Water Public
Schools
School District Milford
Others
Tax Amount $5,148
Tax Year 2024
Tax ID MD-16-18310-03-7000-000
Ownership Other
Special Sale Standard
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Listed by Chelsye Phillips-Hutton • NAI Coastal
Anita Mohamed
Broker Associate | jhy1aaaaaaaaaaaaaaaa 244410410
+1(347) 903-3025 | stagesite-3.test@chime.me