1201 Middleford Rd

Seaford, DE 19973 View Map $650,000 Schedule a Tour
Sq.Ft.3,906
Year1950

Michael Brown

(302) 258-4368

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Status: Active
Property Type:Mixed Use
MLS #:DESU2051764
Sq. Feet:3,906
On Site:88 Days
Lot Size:56,628 Sq. Ft.
County:Sussex
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!

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
4/9/2024$750,000$700,000-6.7%
4/29/2024$700,000$650,000-7.1%

Community Information

Address:1201 Middleford Rd, Seaford, DE 19973
County:Sussex
City:Seaford
Subdivision:Island Development
Zip Code:19973

Features / Amenities

Accessibility: 2+ Access Exits, Level Entry - Main
Cooling: Window Unit(s)

Property Features

Lot Size: 1.3 Acres / 56,628 Sq. Ft.
Lot Dimensions:0.00 x 0.00
Car Parking Spaces: 20
Water: Public Hook-up Available, Private
Sewer: On Site Septic, Public Hook/Up Avail
Road Frontage: 360
Zoning:GENERAL COMMERCIAL C1
Directions:from C21 HTR you turn right on to Rt. 20 and continue until you can turn onto Rt. 13 going south. You will travel for about a quarter mile and make a right onto Middleford Rd. and you will continue for about a quarter mile and the property will be located on the left-hand side on a corner lot.

Tax and Financial Info

Ownership: Fee Simple

Schools

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1201 Middleford Rd Seaford,  DE 19973
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1201 Middleford Rd Seaford, DE 19973
 
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Listing Information Last Updated 5/27/2024
Listing provided courtesy of Century 21 Home Team Realty.