Address
8 Commonwealth Avenue Claymont, DE
Price
$ 840,000
Property Attributes
  • MLS#DENC526744
  • TypeCommercial
  • CountyNEW CASTLE
  • CityClaymont
  • AreaBrandywine
  • Zip19703
  • StyleApartment Building,,Storage,Professional,/General
  • Year Built1917
  • Taxes$ 5616
  • Price$ 840,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8000
  • Lot Size12,197 SqFt
Listing Provided Courtesy Of:
Keller Williams Real Estate - Media
Data Source:
Bright MLS
Property Description

Available now! Once in a lifetime opportunity to own an entire building with Commercial and Residential units. Updated financials have been added. Owner is working on filling the 3 vacancies. Perfect opportunity to buy now and utilized some of the vacant units for yourself or have the option of choosing your own tenants. All payments from current tenants are being converted to online payments to make it very easy for the new owner to take over the reigns. Additional Notes Below: A building with a rich history stands proudly at the entrance to Overlook Colony. Known as “The Overlook”, it has seen many changes since 1917 when constructed by General Chemical Company. Initially, the two-story building with a full basement was used as the community center for Overlook Colony and was placed at the main entrance just off of Philadelphia Pike. The Colony was planned and developed by General Chemical to house their employees in what were very nice, substantial homes at the time. Besides being called the community center it was later known as Redman's Hall; a meeting place for a fraternal group. It also housed activities of the Holy Rosary Church and stores including Shinn's and later, Steins. If you walk the halls of our building you will notice a lovely plaque that was presented to the three of us by the Claymont Fire Company. It commemorates the fact that many years ago, all of the organizational meetings of the fire company were held in our building. Also, up until 1924, when the Claymont School was built on a lot donated by General Chemical, the community center provided several rooms to take care of the educational needs of the children in the Colony. In 1989, new owners purchased the building and since then have tried to keep the glory of the building's former days while completely modernizing the structure. Because of our efforts, they were presented with a New Castle County Historic Preservation Award in 2000 and were given a grant of $2,500 from General Chemical in 2002 to help beautify the front of the building. Much thought, work, and finances have been expended over the years. Having great tenants like the Queen Bean Café, Creative Communications, Edward Jones, Pop Culture Madness.com and Dawn's, Lamb's Loft as well as our apartment dwellers have made this task very worthwhile.

Price History
5/19/2021 Listed $840,000

General Features

Accessibility None
Business Type Apartment Building, Other, Storage, Professional, Other/General Retail, Health Club, Flex
Construction Materials Stone, Mixed
Cool Fuel Electric
Cooling Central A/C
County NEW CASTLE
Days on Market 26
Flooring Hardwood
Heating Other
Legal Subdivision OVERLOOK COLONY
MLS Area Brandywine (30901)
New Construction No
Ownership Fee Simple
Possession Negotiable
Price Per Sq Ft 105.0
Property SubType Five Or More Units
Property Type Commercial Sale
Roof Slate
Sewer Public Sewer
Tax Annual Amount 5616.56
Tax Lot 439
Tax Year 2020
Total Units 9
Vacation Rental Y/N No
Water Access Y/N No
Zoning CN

Interior Features

Central Air Y/N Yes
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas

Exterior Features

Building Area Total 8000.00
Car Parking Spaces 15
Lot Dimensions 120.00 x 100.00
Lot Size Acres 0.28
Lot Size Source Assessor
Lot Size Square Feet 12197.00
Navigable Water Y/N No
Total Parking Spaces 15
Type of Parking On Street
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
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 19703

Price
AVG $200K
$840K
Taxes
AVG $2,885
$5,616
Visits
AVG 3
6
Year Built
AVG 1922
1917

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