1201 MIDDLEFORD RD
1201 MIDDLEFORD RD
ISLAND DEVELOPMENT
SEAFORD, DE 19973
MLS Number: DESU2051764
Originally $800,000
$650,000
SqFt: 3,906
$650,000
SqFt: 3,906
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!
General Details
- Living Area: 3,906
- Lot Area: 56,628
- Property Type: Mixed Use
- County: SUSSEX
- Year Built: 1950
- Sub-Division: ISLAND DEVELOPMENT
- Historical District: N
- Sewer: On Site Septic,Public Hook/Up Avail
- Acres: 1
Community Information
- Zoning: GENERAL COMMERCIAL C1
Exterior Features
- Garage(s): N
- Waterfront: N
- Waterview: N
Interior Features
- Heating: Other
- Cooling: N
- Water: Public Hook-up Available,Private
Lot Information
- SqFt: 56,628
- Dimensions: 0.00 x 0.00
School Information
- School District: SEAFORD
Other Info
- Listing Courtesy Of: Century 21 Home Team Realty