Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 

1120 S CENTRAL AVENUELAUREL, DE 19956

Commercial · 7,006 Sq. ft. | 4.40 Acres
$1,299,000 ACTIVE

1120 S CENTRAL AVENUE Overview

Time on Site:
346 days
Visits:
7

Investment Opportunity in Laurel, DE. This 7,006 SF free-standing commercial building sits on 4.4 acres along Laurel, DE's main corridor, offering high visibility, multiple points of ingress and egress, plentiful parking and additional land for development or expansion. The building on site was a very well performing Rite-Aid Pharmacy that was in operation for many years. With a wide-open floor plan, and a small warehouse and office space in the rear of the building, the property is very versatile for varying uses. A new roof (less than 5 years old) and brand new HVAC systems (about 1 year old) demonstrate that this property has been well maintained over the years. C-B zoning provides excellent flexibility for retail, office, medical, or service-oriented businesses, making this an ideal property for investors or owner-occupants.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

1120 S CENTRAL AVENUE Facts & Features

  • Type Commercial
  • Sq. ft. 7,006
  • Price/Sq.ft. $185
  • Lot 4.40 Acres

Details

General

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Year Built: 1978

Business Information

  • Business Type: Auto Related,Big Box Retail,Day Care Facility,Flex,Medical,Other/General Retail,Pad Site,Professional,Recreation,Religious Facility,School,Shopping Center,Storage,Supermarket/Grocery Store,Other

Location/Region

  • Country: US
  • County: SUSSEX
  • County Or Parish: SUSSEX
  • In City Limits: Yes
  • MLS Area Major: Little Creek Hundred (31010)

Parking Information

  • Total Parking Spaces: 40
  • Type of Parking: Parking Lot

Tax Information

  • School Tax: 1744.00
  • Tax Annual Amount: $1,744.00

General Information

  • Property Condition: Good
  • Property Sub Type: Retail
  • Property Type: Commercial Sale
  • School District Name: LAUREL
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Zoning: C-B

Unit Information

  • Other Units: Unit 1,Unit 1,Unit 1,Unit 1,Unit 1

Interior

Building Information

  • Cooling Fuel: Other
  • Heating Fuel: Electric
  • Total Drive In Doors: 0

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Estimated
  • Building Area Total: 7006.00
  • Central Air: Yes
  • Hot Water: Electric

General Information

  • Accessibility Features: 2+ Access Exits
  • Cooling: Central A/C

Exterior

Building Information

  • Total Loading Docks: 0

Lot Information

  • Lot Dimensions Source: Estimated
  • Lot Size Acres: 4.40
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 191664.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

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

Building Exterior/Construction

  • Construction Materials: Concrete, Other

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

1120 S CENTRAL AVENUE Neighborhood

Community

19956 (LAUREL) Demographics

38
Median Age
143
Population Density (per sq. mile)
25%
College Educated
$49,939
Estimated Median Income
3,617
Estimated Total Home Owners
1,810
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

1120 S CENTRAL AVENUE Monthly Cost

$
$ %
%
$
$
* 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.

1120 S CENTRAL AVENUE Market Data

Based on the last 30 days in this zip code

$371,375
Average List Price
$218
Average Price per Square Foot
4
Properties Sold
124
Average Days on Market
73
Properties for Sale
Calculations provided by Reliance Network

1120 S CENTRAL AVENUE History

Date Event Value Agent
6/1/2026Source: BRIGHT MLS Price Reduction
$10 -23.1%
6/1/2026Source: BRIGHT MLS Price Reduction
$1,299,000 -13.4%
7/18/2025Source: BRIGHT MLS Added to Database
July 18, 2025
6/15/2025Source: BRIGHT MLS Added to Database
June 15, 2025
Listing provided courtesy of SVN/Miller Commercial Real Estate- MLS# DESU2090982MLS ProviderContact Information: [email protected] - 4105432440