112 PARK AVENUEMILFORD, DE 19963

Commercial · 5,500 Sq. ft. | 0.24 Acres
$499,000 ACTIVE

112 PARK AVENUE Overview

Time on Site:
1613 days
Visits:
105

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!

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112 PARK AVENUE Facts & Features

  • Type Commercial
  • Sq. ft. 5,500
  • Price/Sq.ft. $91
  • Lot 0.24 Acres

Details

General

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Year Built: 1953

Business Information

  • Business Type: Auto Related

Location/Region

  • Country: US
  • County: KENT
  • County Or Parish: KENT
  • In City Limits: Yes
  • MLS Area Major: Milford (30805)

Parking Information

  • Total Parking Spaces: 6
  • Type of Parking: Parking Lot

Rent/Lease Information

  • Lease Considered: No

Tax Information

  • City/Town Tax: 740.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax: 1061.19
  • County Tax Payment Frequency: Annually
  • Tax Annual Amount: $1,801.00
  • Tax Assessed Value: 47500.00
  • Tax Year: 2021

General Information

  • 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 /Tools/Furniture/Appliances/Inventory not included in price but could be purchased outside of sale of property and building
  • Municipal Trash: No
  • Property Condition: Very Good
  • Property Sub Type: Services
  • Property Type: Commercial Sale
  • School District Name: MILFORD
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Zoning: C2

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Oil
  • Total Drive In Doors: 1
  • Total Restrooms: 2

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Estimated
  • Building Area Total: 5500.00
  • Central Air: No
  • Hot Water: Electric

General Information

  • Accessibility Features: Entry Slope <1'
  • Cooling: Window Unit(s)
  • Electric: 3 Phases, 200+ Amp Service
  • Flooring: Concrete, Wood
  • Foundation Details: Slab
  • Other Equipment: Negotiable

Exterior

Building Information

  • Total Loading Docks: 0

Parking Information

  • Parking Features: Paved Parking, Private

Lot Information

  • Lot Dimensions Source: Estimated
  • Lot Features: Additional Lot(s), Stream/Creek
  • Lot Size Acres: 0.24
  • Lot Size Dimensions: See in photos
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 10454.40
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • View: City, Park/Greenbelt, River, Water
  • Water Body Name: Mispillion River
  • Water Body Type: River
  • Water Oriented: Yes
  • Water View: Yes
  • Waterfront Features: Rip-Rap
  • Waterfront: Yes

Building Exterior/Construction

  • Construction Materials: Block, Concrete
  • Roof: Flat

General Information

  • Sewer: Public Sewer
  • Utilities: Electric Available,Sewer Available,Water Available
  • Water Access Features: Fishing Allowed,Canoe/Kayak
  • Water Access: Yes

112 PARK AVENUE 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.

112 PARK AVENUE Monthly Cost

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$
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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.

112 PARK AVENUE 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

112 PARK AVENUE History

Date Event Value Agent
12/3/2024Source: BRIGHT MLS Price Reduction
$645,000 -0.8%
12/3/2024Source: BRIGHT MLS Price Reduction
$625,000 -3.1%
12/3/2024Source: BRIGHT MLS Price Reduction
$590,000 -5.6%
12/3/2024Source: BRIGHT MLS Added to Database
January 28, 2022
12/3/2024Source: BRIGHT MLS Price Reduction
$499,000 -15.4%
12/3/2024Source: BRIGHT MLS Status Change
ACTIVE UNDER CONTRACT
12/3/2024Source: BRIGHT MLS Status Change
ACTIVE
Listing provided courtesy of Iron Valley Real Estate at The Beach- MLS# DEKT2006694MLS ProviderContact Information: 3025418787