Waterfront
Address
11 Church Avenue Milford, DE
Price
$ 1,000,000
Property Attributes
  • MLS#DEKT2001152
  • TypeCommercial
  • CountyKENT
  • CityMilford
  • AreaMilford
  • Zip19963
  • StyleApartment Building,Professional,/General Retail,In
  • Year Built1924
  • Taxes$ 8545
  • Price$ 1,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage17870
  • Lot Size0.31 Acres
Listing Provided Courtesy Of:
SVN/Miller Commercial Real Estate
Data Source:
Bright MLS - 382 - MD
Property Description

Waterfront! Exciting adaptive reuse opportunity of a former historic firehouse with a variety of options available. The potential highest and best use could be to transform into much needed apartments, or into a mixed-use project with office or retail on the first-floor apartments above. The exterior has been well preserved as seen in the photos. The building is located in the downtown core of Milford, DE just north of the rapidly expanding Delaware beach market, and is also alongside the Mispillion River. The building's interior is in a shell condition with vaulted ceilings in a portion of it. This is within the Federal Opportunity Zone and also qualifies for several other programs including the historic district credits, National Historic Preservation, and the City of Milford Downtown Development District grants & credits. Grants and credits, not including the opportunity zone benefits, could total hundreds of thousands of dollars. Potential density is for first floor retail/office and 14 apartments above, or no mixed-use and 14 larger sized apartments. Unique opportunity - Adaptive reuse of a historic waterfront firehouse Ample grants & tax credits available ($100's K) Apartment demand is high Short distance to Delaware beach market

Price History
8/5/2021 Listed $1,000,000

General Features

Accessibility Elevator
Business Type Apartment Building, Professional, Other/General Retail, Institutional
Construction Materials Brick
Cool Fuel Other
Cooling Other
County KENT
Days on Market 123
Heating Other
Legal Subdivision NO DATA
Lot Size Square Feet 13504.00
MLS Area Milford (30805)
New Construction No
Ownership Fee Simple
Possession Settlement
Property SubType Mixed Use
Property Type Commercial Sale
Sewer Public Sewer
Tax Annual Amount 8545.0
Tax Lot 6900-000
Tax Year 2021
Vacation Rental Y/N No
Water Access Y/N No
Zoning C2

Interior Features

Central Air Y/N No
Heating Fuel Other
Heating Y/N Yes
Hot Water Other

Exterior Features

Building Area Total 0.00
Car Parking Spaces 11
Lot Dimensions 120.00 x 218.00
Lot Size Acres 0.31
Lot Size Source Assessor
Navigable Water Y/N No
Total Parking Spaces 13
Type of Parking Parking Lot
Water Body Type River
Water Oriented Y/N Yes
Water Source Public
Water View Y/N No
Waterfront Y/N Yes

Amenities

  • 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 19963

Price
AVG $710K
$1M
Taxes
AVG $3,574
$8,545
Visits
AVG 86
46
Year Built
AVG 1974
1924
Walkscore
AVG 44
80
Data Provided by Walkscore ® not using MLS data

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