Waterfront
Address
112 Park Avenue, Milford, DE
Price
$ 499,000
Property Attributes
- MLS#DEKT2006694
- TypeCommercial
- CountyKENT
- CityMilford
- AreaMilford
- Zip19963
- StyleAuto Related
- Year Built1953
- Taxes$ 1801
- Price$ 499,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5500
- Lot Size10,454 SqFt
Data Source:
Bright MLS
Property Description
PRICE IMPROVEMENT! Bring Offers! Welcome to your downtown business opportunity in the central business district of Milford DE! Just under a quarter acre of commercial property with multiple permitted uses on the Mispillion River! Huge, clean, 2 story building with plenty of space for your business needs! Presently it has a showroom, office space, storage rooms, large drive in garage area, paint booth area, bathroom, and sewing room upstairs with more storage space. Then you have another section with separate entrance and electric that has plenty of open space and a bathroom. Have a separate business, utilize the extra space, or lease out the space for income! Sixteen inch beams on the ceiling, 20 feet of ceiling clearance, and a recently updated flat roof. Sidewalk in the front and private parking lot on the side included. Behind the building is the Mispillion River for nice water views and park views just across the River. Sale includes 2 parcels. Currently being operated as an Auto Trim and Accessories Shop that has been in business over 30 years! Business, equipment, and inventory not included in sale but could be negotiated separately. Continue with the current business type use that is in place or create your own business venture from one of the many permitted uses. A few ideas are flower shop, restaurant, retail, barber, Craft distillery and microbrewery, tavern, antique shop, laundry, and more. See the City of Milford Website for a complete list of uses and also included in the photos. Additional public parking is available at next door shopping center. Take advantage of the Downtown Development District opportunities for new businesses. Some of these opportunities include rebates on construction costs, building permit and impact fees waived, and stay of assessed value. Contact the city for more details. You are also in a Federal Opportunity Zone. The City of Milford has a population just over 10,000 and is a city split between Kent and Sussex Counties of Delaware. It is rich in history with ship building as a major industry in the early days, as the Mispillion River goes right to the Delaware Bay. Today you have a growing city with many businesses downtown, riverwalk area, dog park, public park, nature trail, kayak/boat launch, shopping centers, public library, and many annual town events including parades. Location is just 30 minutes to resort beaches and only a few miles to the shore along the Delaware Bay. Be sure to click the virtual tour link for a video tour! Have a business looking for more room or looking to start a business? Call today!
| Price History | |
|---|---|
| 1/27/2022 | Listed $650,000 |
| 5/3/2022 | 1% - $645,000 |
| 9/14/2022 | 4% - $625,000 |
| 11/27/2022 | 6% - $590,000 |
| 3/28/2024 | 16% - $499,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Window Unit(s) |
| Utilities | Electric Available,Sewer Available,Water Available |
| Possession | 0-30 Days CD,61-90 Days CD,90-120 Days CD |
| Roof | Flat |
| Zoning | C2 |
| Construction Materials | Block,Concrete |
| Exclusions | Antique Refrigerator does not convey and is not for sale. Seller can clear out contents of property and deliver vacant or negotiate sale of items outside of real estate purchase. Business equipment |
| Year Built | 1953 |
| Electric | 3 Phases,200+ Amp Service |
| View | City,Park/Greenbelt,River,Water |
| Property SubType | Services |
| Tax Year | 2021 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Auto Related |
| Waterfront Features | Rip-Rap |
| Accessibility | Entry Slope |
| County | KENT |
| New Construction | No |
| Property Type | Commercial Sale |
| Possible Use | Automotive,Bar/Tavern/Lounge,Barber/Beauty,Commercial,Church,Clothing,Dry Cleaner,Florist/Nursery,Laundromat,Food Market,Convenience Store,Medical/Dental,Parking,Restaurant,Office |
| Water Access Y/N | Yes |
| Property Use | Owner User |
| Transportation | Bus Stop less than 1 mile |
| Status | ACTIVE |
| Directions | From Route 1 turn onto Route 14 West which runs into NE Front St. Turn left on N Washington Street then left on Park Ave,second building in the right. |
| ModificationTimestamp | 2024-03-27T18:46:09 |
| City | MILFORD |
| Buyer Agent Compensation | 3 |
| Body of Water | Mispillion River |
| Disclosures | Flood Zone |
| Zoning Description | Central Business District - can visit zoning code at the city of Milford website for more details. |
| MLS Area | Milford (30805) |
| Lot Size Square Feet | 10454.40 |
| Tax Assessed Value | 47500.0 |
| Waterfront Y/N | Yes |
| Street Name | PARK |
| Tax Annual Amount | 1801.0 |
| Property Condition | Very Good |
| Price Per Sq Ft | 90.73 |
| Acceptable Financing | Cash,Conventional |
| Avg. Electric Per Month | 120.0 |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Virtual Tour | https://youtu.be/6CNzdQvabpg |
| Days on Market | 811 |
| Location Type | Downtown |
| Standard Status | Active |
| Year Built Source | Estimated |
| Legal Subdivision | NO DATA |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Oil |
|---|---|
| Flooring | Concrete,Wood |
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | AVENUE |
| Central Air Y/N | No |
| Total Restrooms | 2 |
Exterior Features
| Parking Features | Paved Parking,Private |
|---|---|
| Lot Features | Additional Lot(s),Stream/Creek |
| Water Source | Public |
| Total Parking Spaces | 6 |
| Type of Parking | Parking Lot |
| Foundation Details | Slab |
| Water View Y/N | Yes |
| Building Area Total | 5500.00 |
| Lot Dimensions | See in photos |
| Lot Size Acres | 0.24 |
| Road Frontage Length | 188 |
| Water Body Type | River |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Other Equipment | Negotiable |
| Water Access Features | Fishing Allowed,Canoe/Kayak |
| Land Assessed Value | 8900.00 |
| Navigable Water Y/N | Yes |
| Water Oriented Y/N | Yes |
| LotDimensionsSource | Estimated |
| Car Parking Spaces | 6 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19963
Price
Taxes
Visits
Year Built
Walkscore
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