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10 Church Street

MILFORD, DE 19963
  • $500,000
  • STATUS: Active
  • ON SITE: 123 Days
  • ID#: DEKT2001166
UPDATED: 40 min ago
$500,000
  • 0
    BEDS
  • 0.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1996
County:

School Ratings & Info

School District:

Description

Apartment land!! Also, Income producing while you obtain approvals!! Waterfront multifamily development opportunity located in the federal opportunity zone and also eligible for downtown development district grants, credits, and fee waivers. The property currently has a 3920 SF office building that is leased so the property cash-flows while you are going through the development approval process. Zoning could allow for 8 - 11 residential units. Recent new apartment projects have 100% leased up very quickly showing the demand in the market. Two sides of the property are along the waterfront with a newly installed riverwalk and bridge connecting other property along the riverfront. Also nearby are other potential development sites that can be offered together as part of this package. Ask broker for details.WaterfrontMultifamily development potentialCurrently leased - Generating income while going through the approval processFederal Opportunity Zone & Downtown Development grants available

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Ocean City. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-06T23:50:09.143.
www.exitrealtyoc.com/homes/120098704
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10 Church Street MILFORD, DE 19963

  • Price: $500,000
  • Status: Active
  • On Site: 123 Days
  • Updated: 40 min ago
  • ID#: DEKT2001166
0
Beds
0
Baths
0
½ Baths
0.57
Acres
1996
Built
Neighborhood:
Milford (30805)
County:
Kent
Area:
Milford (30805)
School District:
Milford
Property Description
Apartment land!! Also, Income producing while you obtain approvals!! Waterfront multifamily development opportunity located in the federal opportunity zone and also eligible for downtown development district grants, credits, and fee waivers. The property currently has a 3920 SF office building that is leased so the property cash-flows while you are going through the development approval process. Zoning could allow for 8 - 11 residential units. Recent new apartment projects have 100% leased up very quickly showing the demand in the market. Two sides of the property are along the waterfront with a newly installed riverwalk and bridge connecting other property along the riverfront. Also nearby are other potential development sites that can be offered together as part of this package. Ask broker for details.WaterfrontMultifamily development potentialCurrently leased - Generating income while going through the approval processFederal Opportunity Zone & Downtown Development grants available
Exterior Features

Construction Materials Vinyl SidingFrame Garage YN No Parking Types Parking Lot Water Access YN Yes Water Body Type River Water Oriented YN Yes Water View YN No Waterfront YN Yes

Interior Features

Building Area Total 0.00 Cooling Other Heating Other Heating YN Yes Net Square Feet 3920.00

Property Features

Accessibility Features Other Assessment Year 2021 Association YN No Business Type Apartment BuildingOther/General RetailProfessional Central Air YN No Cooling Fuel Other Gross Income 53328.00 Heating Fuel Other Hot Water Other Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 800871100338 Ownership Interest Fee Simple Possession Settlement Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 2840.00 Tax Assessment Amount 127100.00 Tax Lot 7200-000 Vacation Rental YN No Water Source Public Zoning C2

Listing courtesy of Svn/Miller Commercial Real Estate.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Ocean City. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-06T23:50:09.143.
 
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