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42 mini storage units, 4200 sq.ft. warehouse under lease and 6400 sq.ft. retail or flex space currently available for lease. City water and sewer but located just outside of town. Mini-storage is gated and secure. 2 existing curbs cuts onto Rt. 113/Dupont Highway. Great exposure, visibility and access. Current income is $53,591. Potential income is $148,357 (11% CAP Rate). Owner does not market the mini-storage and current vacancy is about 40%. The 6600 sq.ft. flex/retail building could be converted to climate controlled mini-storage. Estimated rental rate as is would be $10.50 +/- per sq.ft. If renovated/updated, this rate would be more in the $12 -$14 range depending on the level of finish.
| DAYS ON MARKET | 1 | LAST UPDATED | 11/22/2024 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Baltimore Hundred (31001) |
| COUNTY | SUSSEX | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| APPLIANCES | Electric Water Heater |
|---|---|
| AREA | Baltimore Hundred (31001) |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Aluminum Siding, Frame, Metal Siding, Vinyl Siding |
| HEAT | Forced Air, Oil |
| LOT | 1.25 acre(s) |
| LOT DESCRIPTION | Cleared |
| LOT DIMENSIONS | 0.00 x 0.00 |
| SEWER | Public Sewer |
| TAXES | 2683 |
| WATER | Public |
| ZONING | Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
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