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$600,000
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Property Description
Turnkey, income-producing opportunity in the heart of Milford-ideal for an owner-user or investor seeking immediate cash flow with upside potential. The second floor is fully leased on a month-to-month basis and currently generating income. The first floor offers exceptional flexibility: continue operating the existing ice cream shop for immediate revenue, rebrand with your own retail concept, or sell the existing business and equipment to a new operator while maintaining rental income from the space. Positioned in a growing market with strong proximity to Delaware's beach destinations and expanding retirement communities, this property benefits from increasing year-round and seasonal traffic. A rare opportunity to acquire a versatile commercial asset with multiple income strategies-perfect for entrepreneurs and investors alike.
Full Property Details
Full Property Details for 10 S Walnut St
General
- Sold For: $600,000
- Taxes: $2,252 (2025)
- Status: Closed
- Type: Apartment
- Source: BrightMLSMidAtlantic
- MLS ID: DESU2111132
- Added to Site: 94 day(s) ago
Business
- Business Type: Apartment Building, Hair Salon and Spa, Medical, Othe
Rooms
Bathrooms
- Restrooms: 2
Additional Information
- Equipment: See Remarks
Parking
- Total Spaces: 6
- Parking Features: Public
- Parking Type: On Street, Other
Location
- Area: Cedar Creek Hundred (31004)
- County: SUSSEX
- Cross Streets: Front St
- Driving Directions: From Dover take RT 113 south to Milford make a left onto N W Front St follow to Walnut make a right property is on the right.
- Location Details: Downtown
- Historic District: Yes
- City Limits: Yes
School Information
- Elementary School: Banneker
- Middle School: Mariner
- High School: Milford
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Propane - Leased
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Stories/Levels: 2
- Building Size: 4338
- Year Built: 1885
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,178
- Lot Size Source: Assessor
- Lot Dimensions: 21.00 x 115.00
- Zoning: TN
Financial Considerations
- Price Per Sq. Ft.: $158.83
- Annual Heat Cost: $1,260
- Assessment Year: 2025
- School Tax: $861
- City/TownTax: $1,326
- City/TownTax Freq: Annually
- County Tax: $65
- County Tax Freq: Annually
- Tax Amount: $2,252
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Investment: Yes
Listed by R&R Commercial Realty, Keith Walpole and R&R Commercial Realty, Marie Biro
Sold by R&R Commercial Realty, Keith Walpole
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Schools
Schools serving 10 S Walnut St
School District:Milford School District
| Name | Grades | Distance |
|---|---|---|
Ross (Lulu M.) Elementary School 310 Lovers Lane, Milford, DE 19963 | 2-5 | 0.7 mi |
Morris (Evelyn I.) Early Childhood 8609 3rd Street, Lincoln, DE 19960 | PK-1 | 3.1 mi |
Milford Central Academy 1021 North Walnut Street, Milford, DE 19963 | 6-8 | 1.2 mi |
Milford Senior High School 1019 North Walnut Street, Milford, DE 19963 | 8-12 | 1.1 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 10 S Walnut St
Date
Details
Price
Change
Source
7/31/2026
Sold
$600,000
-12.92%
MLS
5/06/2026
Listed
$689,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
10 S Walnut Street, Milford, DE 19963 (MLS# DESU2111132) is a Apartment property that was sold at $600,000 on July 31, 2026. Want to learn more about 10 S Walnut Street? Do you have questions about finding other Apartment real estate for sale in Milford? You can browse all Milford real estate or contact a Coldwell Banker agent to request more information.

