$860,000
$899,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
8,715 SqFt
SOLD DATE : 12/03/2024
Key Details
Sold Price $860,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,715 sqft
Price per Sqft $98
MLS Listing ID DEKT2014232
Sold Date 12/03/24
Originating Board BRIGHT
Year Built 1811
Annual Tax Amount $2,098
Tax Year 2023
Lot Size 0.285 Acres
Acres 0.29
Lot Dimensions 71.00 x 175.00
Property Description
A great opportunity to own a historic commercial investment property in downtown Milford. The Governor Tharp building underwent a full renovation completed in 2007. This three-story building currently hosts seven apartments and one commercial retail space all of which are currently occupied with long term tenants. In the rear of the building, you will find a freshly paved asphalt parking lot with 15 spaces. This income producing property would be a nice addition to investors looking to expand their portfolio.
Location
State DE
County Kent
Area Milford (30805)
Zoning C2
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 15.0
Water Access N
View Street
Street Surface Black Top
Accessibility Other
Total Parking Spaces 15
Garage N
Building
Lot Description Corner
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Milford
Others
Tax ID MD-16-18310-02-7600-000
Ownership Fee Simple
SqFt Source Assessor
Security Features Sprinkler System - Indoor
Special Listing Condition Standard
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Bought with Dustin Parker • The Parker Group