$162.50 Per Sq Foot $3,489 est/mo Sourced by Back At You

1201 Middleford Rd,Seaford, DE 19973

Seaford DE, 19973

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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!

Details

MLS#DESU2051764
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1950
Days On Site184
Listing Provided ByCentury 21 Home Team Realty | JOSE ANTONIO SANTOS

Features

SQ Feet4,000
ZoningGENERAL COMMERCIAL C1
Acreage1.30

Market Activity 19973

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Learn More About This Property

StateDE
CountySussex
CitySeaford
Zip Code19973
AreaSeaford Hundred
Community NameIsland Development
School DistrictSeaford
Listing VS Median (in Island Development)
Price:
$650,000
low | high
Med:
$650,000
50% of Average
SqFt:
4,000
low | high
Med:
4,000
50% of Average
$ / SqFt:
$163
low | high
Med:
$163
50% of Average
On Site:
184
low | high
Med:
184.000000
100% of Average
Sourced by Back At You
Listing Updated: April 29, 2024 at 7:13:36 PM PDT