118 Atlantic Avenue # 302/301 Ocean View, DE
$ 649,000
Property Attributes
  • MLS#DESU183578
  • TypeCommercial
  • CountySUSSEX
  • CityOcean View
  • AreaBaltimore Hundred
  • Zip19970
  • StyleMedical,Professional
  • Year Built2004
  • Taxes$ 1495
  • Price$ 649,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4000
Listing Provided Courtesy Of:
Coldwell Banker Resort Realty - Lewes
Data Source:
Bright MLS
Property Description

INVESTMENT OPPORTUNITY! 100% Leased, Long term multi-tenant office/medical. This unit (#302) and the adjacent unit (#301, tax ID: 134-12.0-425.00-6, similar sq ft.) are being sold together. 2 Units total. Low county and city taxes. Low condo fees. IRR: 10.2% CAP: 7.1% Well maintained commercial property housing two long term tenants with current lease agreements in place. Location Location Location!!!! Right in the middle of a busy business/retail/office district.

Price History
5/20/2021 Listed $649,000

General Features

Accessibility 2+ Access Exits, Entry Slope <1', Level Entry - Main, Other
Business Type Medical, Professional
Construction Materials Frame, Aluminum Siding
Cool Fuel Other
Cooling Central A/C
Days on Market 18
Heating Forced Air
Historic Y/N No
MLS Area Baltimore Hundred (31001)
New Construction No
Ownership Condominium
Parking Features Paved Parking
Possession Subject to Existing Lease, 0-30 Days CD, Other
Price Per Sq Ft 324.99
Property SubType Office
Property Type Commercial Sale
Property Use Investment
PropertyCondition Excellent
Roof Shingle
Sewer Public Sewer
Sussex DE Quadrants Between Rt 1 & 113
Tax Annual Amount 1495.73
Tax Year 2020
Unit Number 302/301
Vacation Rental Y/N No
Water Access Y/N No
Zoning TN

Interior Features

Central Air Y/N Yes
Heating Fuel Other
Heating Y/N Yes
Hot Water Other

Exterior Features

Building Area Total 1997.00
Car Parking Spaces 30
Lot Dimensions 0.00 x 0.00
Navigable Water Y/N No
Total Parking Spaces 30
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 19970

AVG $340K
AVG $1,203
AVG 25
Year Built
AVG 2009

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