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10 S WALNUT STREETMILFORD, DE 19963

Commercial · 4,338 Sq. ft. | 0.05 Acres
$689,000 ACTIVE

10 S WALNUT STREET Overview

Time on Site:
54 days
Visits:
10

Turnkey, income-producing opportunity in the heart of Milford—ideal for an owner-user or investor seeking immediate cash flow with upside potential. The second floor is fully leased on a month-to-month basis and currently generating income. The first floor offers exceptional flexibility: continue operating the existing ice cream shop for immediate revenue, rebrand with your own retail concept, or sell the existing business and equipment to a new operator while maintaining rental income from the space. Positioned in a growing market with strong proximity to Delaware's beach destinations and expanding retirement communities, this property benefits from increasing year-round and seasonal traffic. A rare opportunity to acquire a versatile commercial asset with multiple income strategies—perfect for entrepreneurs and investors alike.

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10 S WALNUT STREET Facts & Features

  • Type Commercial
  • Sq. ft. 4,338
  • Price/Sq.ft. $159
  • Lot 0.05 Acres

Details

General

School Information

  • Elementary School: BANNEKER
  • Middle Or Junior School: MARINER
  • High School: MILFORD

Income/Expenses

  • Annual Heating Expense: 1260.00
  • Other Expense: 317.00
  • Electric Expense: 4546.00
  • Insurance Expense: 1800.00
  • Maintenance Expense: 680.00
  • Operating Expense Includes: Insurance,Electric,Heating/Cooling,Repair/Maintenance,Sewer,Snow Removal,Trash,Water

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • Building Name: NONE AVAILABLE
  • New Construction: No
  • Year Built: 1885

Business Information

  • Business Type: Apartment Building,Hair Salon and Spa,Medical,Other/General Retail,Professional

Location/Region

  • Country: US
  • County: SUSSEX
  • County Or Parish: SUSSEX
  • In City Limits: Yes
  • MLS Area Major: Cedar Creek Hundred (31004)
  • Subdivision Name: NONE AVAILABLE

Parking Information

  • Total Parking Spaces: 6
  • Type of Parking: On Street,Other

Rent/Lease Information

  • Lease Considered: No

Tax Information

  • City/Town Tax: 1326.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax: 65.00
  • County Tax Payment Frequency: Annually
  • School Tax: 861.00
  • Tax Annual Amount: $2,252.00
  • Tax Year: 2025

General Information

  • Historic: Yes
  • Municipal Trash: Yes
  • Property Sub Type: Retail
  • Property Type: Commercial Sale
  • School District Name: MILFORD
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: TN

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Propane - Leased
  • Total Drive In Doors: 0
  • Total Restrooms: 2

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Estimated
  • Building Area Total: 4338.00
  • Central Air: Yes
  • Hot Water: Electric

General Information

  • Accessibility Features: 2+ Access Exits
  • Cooling: Central A/C
  • Other Equipment: See Remarks
  • Stories Total: 2

Exterior

Building Information

  • Total Loading Docks: 0

Parking Information

  • Parking Features: Public

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Size Dimensions: 21.00 x 115.00
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 2178.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 0
  • Sewer: Public Sewer
  • Water Access: No

Unit Information

Unit 1 Details

  • Unit Type: Unit 1

Unit 2 Details

  • Unit Type: Unit 1

Unit 3 Details

  • Unit Type: Unit 1

Unit 4 Details

  • Unit Type: Unit 1

Unit 5 Details

  • Unit Type: Unit 1

10 S WALNUT STREET Neighborhood

Community

19963 (MILFORD) Demographics

42
Median Age
187
Population Density (per sq. mile)
34%
College Educated
$56,026
Estimated Median Income
5,455
Estimated Total Home Owners
3,024
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

10 S WALNUT STREET Monthly Cost

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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

10 S WALNUT STREET Market Data

Based on the last 30 days in this zip code

$485,527
Average List Price
$238
Average Price per Square Foot
28
Properties Sold
100
Average Days on Market
144
Properties for Sale
Calculations provided by Reliance Network

10 S WALNUT STREET History

Date Event Value Agent
5/6/2026Source: BRIGHT MLS Added to Database
May 06, 2026
12/3/2024Source: BRIGHT MLS Added to Database
August 13, 2021
Listing provided courtesy of R&R Commercial Realty- MLS# DESU2111132MLS ProviderContact Information: 3026743400