Price Reduction - Lease to Own
Address
1201 Middleford Road, Seaford, DE
Price
$ 650,000
Property Attributes
- MLS#DESU2051764
- TypeCommercial
- CountySUSSEX
- CitySeaford
- AreaSeaford Hundred
- NeighborhoodIsland Development
- Zip19973
- StyleAuto Related,Hair Salon and Spa,Supermarket/Grocer
- Price$ 650,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3906
- Lot Size1.3 Acres
Data Source:
Bright MLS
Property Description
Priced to sell! Welcome to an extraordinary investment opportunity in the heart of commercial potential. Currently, the property brings in $9,350/month or $112,200/year with the potential to increase revenue. Zoned C1, this property stands as a beacon for savvy investors looking to capitalize on its strategic location adjacent to city-owned land. Nestled in a high-traffic area, this property enjoys outstanding visibility, with additional public parking conveniently available just across the road. Take note of the accessible public water and sewer lines running alongside the property, providing the buyer with the option to annex and secure these utilities. The potential for annexation opens doors to expanded possibilities for a myriad of development options. This property consists of a 4000+/- sqft commercial building with 4 independent units, each with its own electric meter. The units include a tire shop that is leased for $1,500/month, an empty unit that could serve as a new business venture, a barber shop leased at $1,500/month, and a Hispanic store leased at $1,800/month. Additionally, there are 11 spaces for mobile homes, with 7 currently occupied. Three mobile homes won't be included in the sale but they do generate $450/month each in lot rent. Four mobile homes are part of the sale, with rents of $1,000, $1,000, $600, and $600 per month. Seize the opportunity to invest in a versatile commercial property that promises both immediate and long-term income potential! Contact me for more details and to schedule a viewing!
| Price History | |
|---|---|
| 11/19/2023 | Listed $800,000 |
| 2/27/2024 | 7% - $750,000 |
| 4/9/2024 | 7% - $700,000 |
| 4/30/2024 | 8% - $650,000 |
General Features
| Sewer | On Site Septic,Public Hook/Up Avail |
|---|---|
| Heating | Other |
| Cooling | Window Unit(s) |
| Possession | Settlement |
| Zoning | GENERAL COMMERCIAL C1 |
| Construction Materials | Mixed |
| Year Built | 1950 |
| Property SubType | Mixed Use |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Auto Related,Hair Salon and Spa,Supermarket/Grocery Store |
| Accessibility | 2+ Access Exits,Level Entry - Main |
| County | SUSSEX |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | ISLAND DEVELOPMENT |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | from C21 HTR you turn right on to Rt. 20 and continue until you can turn onto Rt. 13 going south. You will travel for about a quarter mile and make a right onto Middleford Rd. and you will continue f |
| ModificationTimestamp | 2024-04-29T18:50:48 |
| City | SEAFORD |
| Buyer Agent Compensation | 2.5 |
| MLS Area | Seaford Hundred (31013) |
| Lot Size Square Feet | 56628.00 |
| Waterfront Y/N | No |
| Street Name | MIDDLEFORD |
| Price Per Sq Ft | 162.5 |
| Acceptable Financing | Cash,Conventional,Lease Purchase |
| Historic Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 164 |
| Sussex DE Quadrants | West of Rt 13 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 1 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Other |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | ROAD |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public Hook-up Available,Private |
|---|---|
| Total Parking Spaces | 20 |
| Type of Parking | Parking Lot,Other,Driveway |
| Land Use Code | 999 |
| Water View Y/N | No |
| Building Area Total | 4000.00 |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 1.30 |
| Road Frontage Length | 360 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Total Loading Docks | 1 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Fencing Y/N | Yes |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 20 |
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 19973
Price
Visits
Year Built
Walkscore
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