Date
Details
Price
Change
Source
7/14/2026
Listed
$599,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Rare opportunity to own a well-located commercial office property in the heart of Georgetown, Delaware. Situated on approximately 1.5 acres, this 3,000-square-foot office building offers exceptional flexibility for a wide range of professional users and investors. Zoned UB3, this property is ideally suited for attorneys, medical practices, accountants, insurance agencies, engineering firms, or other professional offices. Its prime location places you just minutes from Georgetown's town center, Town Hall, and the new Family Court, providing outstanding convenience for clients and staff alike. The expansive lot features an on-site parking area with ample parking and offers significant potential for future expansion of both the building and parking facilities. Opportunities to acquire commercial properties with this combination of location, zoning, and development potential are increasingly rare. This is a turn key opportunity waiting for its next owner.
Full Property Details
Full Property Details for 123 W Market St
General
- Price: $599,999
- Taxes: $920 (2025)
- Status: Active
- Type: Commercial Service
- Source: BrightMLSMidAtlantic
- MLS ID: DESU2115632
- Updated: 7/14/2026
- Added to Site: 6 day(s) ago
Business
- Business Type: Professional
Rooms
Bathrooms
- Restrooms: 2
Parking
- Total Spaces: 15
- Parking Type: Parking Lot
Location
- Area: Georgetown Hundred (31006)
- County: SUSSEX
- Driving Directions: .
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s), Pellet Stove
- Heating Fuel: Electric, Pellets
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding, Other
- Basement: Yes
- Building Size: 3000
- Year Built: 1960
- Year Built Source: Estimated
Unit Information
- # Tenants: Single
- Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 1.5
- Lot Size (Sq. Ft.): 65,340
- Lot Size Source: Estimated
- Zoning: UB3
Financial Considerations
- Price Per Sq. Ft.: $200
- Assessment Year: 2025
- School Tax: $828
- County Tax: $92
- County Tax Freq: Annually
- Tax w/Assessment: $430,900
- Tax Amount: $920
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
Listed by Are Pros., Julian Washington
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Listing agent
— 123 W Market St —
Julian Washington
Are Pros.
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Schools
Schools serving 123 W Market St
School District:Indian River School District
| Name | Grades | Distance |
|---|---|---|
Georgetown Elementary School 301 West Market Street, Georgetown, DE 19947 | PK-5 | 0.3 mi |
Georgetown Middle School 301 West Market Street, Georgetown, DE 19947 | 6-8 | 0.3 mi |
Sussex Central High School, Georgetown, DE 26026 Patriots Way, Georgetown, DE 19947 | 8-12 | 5.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 123 W Market St
Tax History
Tax History for 123 W Market St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$920
-32%
$32,950
—
2023
$1,361
2%
$32,950
—
2022
$1,339
3%
$32,950
—
2021
$1,299
5%
$32,950
—
2020
$1,239
—
$32,950
—
2019
$1,234
-1%
$32,950
—
2018
$1,246
-1%
$32,950
—
2017
$1,256
15%
$32,950
1%
2016
$1,095
—
$32,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 123 W Market St
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- Single Family
- Active
- Updated 58 minutes ago
- 3Beds
- 1Total Bath
- 2,718Sq. Ft.
- Townhouse
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
- 1,950Sq. Ft.
- Townhouse
- Active
- Updated 5 days ago
- 2Beds
- 2Total Baths
- 1,227Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 5Total Baths
- 3,464Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,200Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 3Total Baths
- 1,532Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,320Sq. Ft.
- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 4Total Baths
- 2,936Sq. Ft.
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- Single Family
- Closed
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 2,096Sq. Ft.
123 W Market Street, Georgetown, DE 19947 (MLS# DESU2115632) is a Commercial Service property. 123 W Market Street is currently listed for $599,999 and was received on July 14, 2026. Want to learn more about 123 W Market Street? Do you have questions about finding other Commercial Service real estate for sale in Georgetown? You can browse all Georgetown real estate or contact a Coldwell Banker agent to request more information.