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For more information on this property, contact John Luca at 3029996966 or AEJF9437@lei.rps-mail.com

7 Marshall Street
Milford, Delaware DE 19963-1557
Price: $1,650,000
Listing ID DESU2026934
Status PENDING
SqFt 21,000
Acres 2
Year Built 1940

Property Description:

Historically known as "The Spoon Mill" along the Riverwalk in Downtown Milford. This mixed use industrial and residential property offers income with 7 tenants in the warehouse/office spaces, a lease with T-Mobile cell tower, 2 residential single family home tenants, and vacant land that has potential to expand the flex space or build townhomes. A synopsis of the property can be provided showing current rents and expenses. There will be approx. 7,000 SF of warehouse and office space available that is occupied by the owner. Approx. 21,000 SF of warehouse and office space, two homes sits on a total of 2 acres that stretched the entire block on the Marshall St/River side of the property. Sales includes 4 parcels total (330-7.17-48.00, 49.00, 67.00, & 68.01)

Primary Features

County: Sussex
Price/SqFt: 78.57
Property Sub Type: Mixed Use
Property Type: Commercial Sale
Year Built: 1940
Zoning: I1/R2

Interior

Building Total SqFt Source: Estimated
Central Air: no
Cooling Type: Other
Flooring Type: Concrete
Heating: yes
Heating Type: Other

External

Car Parking Spaces: 20
Construction Materials: Metal Siding
Cooling Fuel: Other
Drive In Door Height: 8' to 12'
Electric Service: 200+ Amp Service, 3 Phases
Fencing: Y
Heating Fuel: Other
Hot Water: Electric
Lot Dimensions Source: Assessor
Lot Size Dimensions: 0.00 x 0.00
Lot Size Source: Estimated
Lot Size Units: Square Feet
Navigable Water: no
New Construction: no
Parking Features: Private
Road Responsibility: City/County
Road Surface Type: Paved
Roof: Asphalt, Metal
Sewer Septic: Public Sewer
Tidal Water: no
Total Garage and Parking Spaces: 30
Total Loading Docks: 1
Truck/Trailer Parking Spaces: 10
Type of Parking: Driveway, Private Garage
Utilities: Electric Available, Sewer Available
Water Access: no
Water Body Name: Mispillion River
Water Body Type: River
Water Oriented: yes
Water Source: Public
Water View: no

Location

Country: US
In City Limits: yes
Location Type: Downtown
MLS Area: Cedar Creek Hundred (31004)
Traffic Count: Less Than 1000
Waterfront: no
Zoning Description: Town Codes

Additional

Accessibility Features: None
Business Type: Auto Related, Manufacturing, Parking Lot, Storage, Warehouse
Days on Market: 207
Historic: no
Land Use Code: CO
Municipal Trash: yes
Potential Tenancy: Multiple
Property Condition: Very Good
Property Manager: N
Property Use: Investment
Sussex DE Quadrants: Between Rt 1 & 113
Year Assessed: 2021
Year Built Source: Estimated

Financial

Acceptable Financing: Cash, Conventional
Association Recreation Fee: N
Automatically Update Tax Values: yes
Ground Rent Exists: no
Lease Considered: no
Net SqFt: 21000
Ownership Interest: Fee Simple
Possession: 31-60 Days CD
Riparian Rights: no
Sale Type: Standard
Tax Annual Amount: 3476
Tax Opportunity Zone: Y
Tax Year: 2021
Vacation Rental: no

Zoning Info


Area Info


Listing courtesy of MASTEN REALTY LLC (302) 422-1850

© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of MASTEN REALTY LLC. Data last updated on Thursday, April 18th, 2024 05:16:45 PM.

Contact - Listing ID DESU2026934

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John Luca

88 Lantana Dr.
Hockessin, DE 19707
Phone: 3029996966
Phone Alt: 3027405872

Data services provided by IDX Broker
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