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8 Commonwealth Avenue

CLAYMONT, DE 19703
  • $840,000
  • STATUS: Active
  • ON SITE: 26 days
  • ID#: DENC526744
UPDATED: 8 min ago
$840,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1917
County:

School Ratings & Info

School District:

Description

Available now! Once in a lifetime opportunity to own an entire building with Commercial and Residential units. Updated financials have been added. Owner is working on filling the 3 vacancies. Perfect opportunity to buy now and utilized some of the vacant units for yourself or have the option of choosing your own tenants. All payments from current tenants are being converted to online payments to make it very easy for the new owner to take over the reigns. Additional Notes Below: A building with a rich history stands proudly at the entrance to Overlook Colony. Known as +G+The Overlook+G-, it has seen many changes since 1917 when constructed by General Chemical Company. Initially, the two-story building with a full basement was used as the community center for Overlook Colony and was placed at the main entrance just off of Philadelphia Pike. The Colony was planned and developed by General Chemical to house their employees in what were very nice, substantial homes at the time. Besides being called the community center it was later known as Redman's Hall; a meeting place for a fraternal group. It also housed activities of the Holy Rosary Church and stores including Shinn's and later, Steins. If you walk the halls of our building you will notice a lovely plaque that was presented to the three of us by the Claymont Fire Company. It commemorates the fact that many years ago, all of the organizational meetings of the fire company were held in our building. Also, up until 1924, when the Claymont School was built on a lot donated by General Chemical, the community center provided several rooms to take care of the educational needs of the children in the Colony. In 1989, new owners purchased the building and since then have tried to keep the glory of the building's former days while completely modernizing the structure. Because of our efforts, they were presented with a New Castle County Historic Preservation Award in 2000 and were given a grant of $2,500 from General Chemical in 2002 to help beautify the front of the building. Much thought, work, and finances have been expended over the years. Having great tenants like the Queen Bean Caf+-, Creative Communications, Edward Jones, Pop Culture Madness.com and Dawn's, Lamb's Loft as well as our apartment dwellers have made this task very worthwhile.

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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: 2021-06-15T09:53:51.977.
www.exitrealtyoc.com/homes/117355996
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8 Commonwealth Avenue CLAYMONT, DE 19703

  • Price: $840,000
  • Status: Active
  • Updated: 8 min ago
  • ID#: DENC526744
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1917
Built
Neighborhood:
Brandywine (30901)
County:
New Castle
Area:
Brandywine (30901)
School District:
Brandywine
Property Description
Available now! Once in a lifetime opportunity to own an entire building with Commercial and Residential units. Updated financials have been added. Owner is working on filling the 3 vacancies. Perfect opportunity to buy now and utilized some of the vacant units for yourself or have the option of choosing your own tenants. All payments from current tenants are being converted to online payments to make it very easy for the new owner to take over the reigns. Additional Notes Below: A building with a rich history stands proudly at the entrance to Overlook Colony. Known as +G+The Overlook+G-, it has seen many changes since 1917 when constructed by General Chemical Company. Initially, the two-story building with a full basement was used as the community center for Overlook Colony and was placed at the main entrance just off of Philadelphia Pike. The Colony was planned and developed by General Chemical to house their employees in what were very nice, substantial homes at the time. Besides being called the community center it was later known as Redman's Hall; a meeting place for a fraternal group. It also housed activities of the Holy Rosary Church and stores including Shinn's and later, Steins. If you walk the halls of our building you will notice a lovely plaque that was presented to the three of us by the Claymont Fire Company. It commemorates the fact that many years ago, all of the organizational meetings of the fire company were held in our building. Also, up until 1924, when the Claymont School was built on a lot donated by General Chemical, the community center provided several rooms to take care of the educational needs of the children in the Colony. In 1989, new owners purchased the building and since then have tried to keep the glory of the building's former days while completely modernizing the structure. Because of our efforts, they were presented with a New Castle County Historic Preservation Award in 2000 and were given a grant of $2,500 from General Chemical in 2002 to help beautify the front of the building. Much thought, work, and finances have been expended over the years. Having great tenants like the Queen Bean Caf+-, Creative Communications, Edward Jones, Pop Culture Madness.com and Dawn's, Lamb's Loft as well as our apartment dwellers have made this task very worthwhile.
Exterior Features

Construction Materials StoneMixed Garage YN No Parking Types On Street Riparian Rights YN No Roof Slate Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 8000.00 Cooling Central A/C Flooring Hardwood Heating Other Heating YN Yes Net Square Feet 8000.00

Property Features

Accessibility Features None Assessment Year 2020 Association YN No Business Type Apartment BuildingOtherStorageProfessionalOther/General RetailHealth ClubFlex Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Total 9 Original MLSNumber 304609916460 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 5616.56 Tax Assessment Amount 158300.00 Tax Lot 439 Vacation Rental YN No Water Source Public Zoning Cn

Listing courtesy of Keller Williams Real Estate - Media.


©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: 2021-06-15T09:53:51.977.
 
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