Lease to Own
Address
9 Park Street Milton, DE
Price
$ 975,000
Property Attributes
  • MLS#1001568228
  • TypeCommercial
  • CountySUSSEX
  • CityMilton
  • AreaBroadkill Hundred
  • Zip19968
  • StyleFlex
  • Year Built1980
  • Taxes6689
  • Price$ 975,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage25412
  • Lot Size1.98 Acres
Listing Provided Courtesy Of:
Coldwell Banker Resort Realty - Rehoboth
Data Source:
Sussex County Association of REALTORS
Property Description

Manufacturing, Retail, Office Park in downtown Milton, with City water & sewer. The former home to Atlantis Industries, 9 Park Street consists of a commercial 1.98 acre lot, situated between Federal Street and the shores of Wagamons Pond, improved by 21,860 sq ft of commercial interior space in five interconnected buildings, suitable for a single user or multiple tenants, having an annual gross potential rental income of $194,580. .44 acres of what was public access Park Street is now privately owned and has been incorporated with the 1.547 acres manufacturing site to create a lot area of 1.98 acres. See survey attached. An easement will be granted over 9 Park Street land for 10 Park Street ingress / egress. Property is contiguous to Milton Elementary School, Wagamons Pond and the rails to trails bike trail initiative.

Price History
11/3/2017 Listed $1,500,000
3/12/2018 20% - $1,200,000
4/30/2018 9% - $1,100,000
5/17/2019 12% - $975,000

General Features

Acceptable Financing Cash, Conventional, Lease Purchase
Accessibility None
Business Type Flex
Construction Materials Aluminum Siding, Brick Front, Concrete
Cool Fuel Electric
Cooling Central A/C, Zoned
County SUSSEX
Current Use Manufacturing, Industrial, Office, Warehouse
Days on Market 1253
Electric 120/240V
Flooring Concrete, Vinyl
Heating Heat Pump(s)
Historic Y/N No
Location Type Free Standing
MLS Area Broadkill Hundred (31003)
New Construction No
Ownership Fee Simple
Possession Settlement
Price Per Sq Ft 38.37
Property SubType Industrial
Property Type Commercial Sale
Roof Composite, Rubber
Sewer Public Sewer
Stories 1
Sussex DE Quadrants Between Rt 113 & 13
Tax Annual Amount 6689.2
Total Units 6
Vacation Rental Y/N No
Water Access Y/N No
Zoning LIGHT INDUSTRIAL

Interior Features

Central Air Y/N Yes
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Office Sqft 2480
Warehouse Sq Ft 22932

Exterior Features

Building Area Total 25412.00
Car Parking Spaces 8
Fencing Y/n No
Lot Dimensions 186 x 526 (irregular)
Lot Size Acres 1.98
Lot Size Area 2
Lot Size Source Estimated
Lot Size Square Feet 86248.80
Navigable Water Y/N No
Roadresponsibility City/County
Total Parking Spaces 10
Type of Parking Parking Lot, Driveway
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

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

Property vs Zip Code Average in 19968

Price
AVG $580K
$980K
Taxes
AVG $2,144
$6,689
Visits
AVG 80
20
Year Built
AVG 1971
1980
Walkscore
AVG 33
36
Data Provided by Walkscore ® not using MLS data

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