Waterfront
Address
609 NE Front Street, Milford, DE
Price
$ 1,250,000
Property Attributes
- MLS#DEKT2019742
- TypeCommercial
- CountyKENT
- CityMilford
- AreaMilford
- Zip19963
- StyleGeneral Retail
- Year Built1949
- Taxes$ 722
- Price$ 1,250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size3.72 Acres
Data Source:
Bright MLS
Property Description
Premier Development Opportunity 3.72+/- Acres located at the signalized intersection of NE Front St. and N. Rehoboth Blvd. Three contiguous parcels of land with excellent visibility and road frontage. C3 Commercial and I1 General Industrial split zoning located in close proximity to Coastal Hwy., The NE Front St. new Milford Bypass, Bayhealth Hospital and Milford's premier waterfront area. The city of Milford is experiencing a housing and business boom with over 100+ apartments fully approved with entrance complete directly across the street. Just a few hundred yards away, construction has started on a 10,000 sq. ft. +/- brand new sports bar and the downtown street scape and revitalization project is currently underway. This is the gateway to Milford's expanding business district which a town on the upswing with a whole new vision. Excellent development incentives include: Federal Opportunity Zone and potential for downtown development grants, credits, etc. City water and sewer. Ideal redevelopment opportunity with endless possibilities and investment.
| Price History | |
|---|---|
| 5/19/2023 | Listed $1,250,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard - Electric |
| Cooling | None |
| Utilities | Sewer Available,Water Available |
| Possession | Other |
| Roof | Pitched |
| Zoning | I1 |
| Construction Materials | Block,Brick |
| Year Built | 1949 |
| Property SubType | Land for Commercial Use |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| Business Type | Other/General Retail |
| Accessibility | Entry Slope |
| County | KENT |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | NONE AVAILABLE |
| Possible Use | Commercial,Convenience Store,Food & Beverage,Food Market,Mixed Use,Professional Service,Special Purpose |
| Water Access Y/N | No |
| Property Use | Owner User |
| Status | ACTIVE |
| Directions | From Route 1 Coastal Hwy take the NE Front Street Bypass heading west. Land will be on the northern corner (signaled) intersection of NE Front Street and N. Rehoboth Blvd. |
| ModificationTimestamp | 2023-06-02T07:42:32 |
| City | MILFORD |
| Buyer Agent Compensation | 2.5 |
| MLS Area | Milford (30805) |
| Lot Size Square Feet | 162043.20 |
| Tax Assessed Value | 32900.0 |
| Waterfront Y/N | No |
| Street Name | FRONT |
| Tax Annual Amount | 722.0 |
| Property Condition | Major Rehab Needed |
| Acceptable Financing | Other |
| Historic Y/N | No |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 349 |
| Location Type | Corner Lot/Unit |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 1200-000 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
Exterior Features
| Lot Features | Additional Lot(s),Road Frontage,Corner,Level |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 20 |
| Type of Parking | Parking Lot |
| Water View Y/N | No |
| Building Area Total | 0.00 |
| Lot Dimensions | 00 |
| Lot Size Acres | 3.72 |
| Road Surface Type | Black Top |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Road Responsibility | State |
| Land Assessed Value | 32900.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Fencing Y/N | No |
| LotDimensionsSource | Estimated |
| Car Parking Spaces | 10 |
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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