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PRICE $1,500,000 dsIDX morgage calculator
SIZE 9,600 sqft
LOT SIZE n/a

Prime Investment Opportunity: 2-Acre Secure Commercial Property with Reliable Income. This 2-acre property in Kent County is a solid investment opportunity, featuring Business Park (BP) zoning and a secure, fenced perimeter with gated vehicle access. Minimal maintenance needs make this a hassle-free asset for investors seeking immediate returns. The larger 7,200 sq ft (60x120) single-story metal building is fully leased under a gross lease, providing steady rental income with a long-term tenant. The additional 2,400 sq ft (40x60) single-story metal building is currently owner-occupied and framed, offering flexibility for future leasing or customization. The property owner has already commissioned site plans to establish independent utilities for this building, improving its usability and appeal to prospective tenants. The current tenant has also expressed interest in expanding operations into this space, increasing potential cash flow. This property delivers a compelling mix of stable income and growth potential. Contact us today for more information or to arrange a showing.

DAYS ON MARKET 1 LAST UPDATED 1/7/2025
YEAR BUILT 2001 COMMUNITY Milford (30805)
COUNTY KENT STATUS Active
PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA Milford (30805)
CONSTRUCTION Metal Siding
HEAT Natural Gas
LOT DIMENSIONS 1.00 x 0.00
SEWER Public Sewer
STORIES 1
TAXES 2050.55
UTILITIES Natural Gas Available
WATER Public
MORTGAGE CALCULATOR
   

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CONTACT US ABOUT 198 MULLET RUN STREET
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Listing provided by Keller Williams Realty Central-Delaware

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