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$1,150,000
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Property Description
Historically known as "The Spoon Mill" along the Riverwalk in Downtown Milford. This mixed use industrial and residential property offers income with 7 tenants in the warehouse/office spaces, a lease with T-Mobile cell tower, 2 residential single family home tenants, and vacant land that has potential to expand the flex space or build townhomes. A synopsis of the property can be provided showing current rents and expenses. There will be approx. 7,000 SF of warehouse and office space available that is occupied by the owner. Approx. 21,000 SF of warehouse and office space, two homes sits on a total of 2 acres that stretched the entire block on the Marshall St/River side of the property. Sales includes 4 parcels total (330-7.17-48.00, 49.00, 67.00, & 68.01)
Full Property Details
Full Property Details for 7 Marshall St
General
- Sold For: $1,150,000
- Taxes: $3,476 (2021)
- Status: Closed
- Type: Warehouse
- Source: BrightMLSMidAtlantic
- MLS ID: DESU2026934
- Added to Site: 1, 262 day(s) ago
Business
- Business Type: Auto Related, Manufacturing, Parking Lot, Storage, War
Interior
- Flooring: Concrete
Parking
- Total Spaces: 30
- Parking Features: Private
- Parking Type: Driveway, Private Garage
Location
- Area: Cedar Creek Hundred (31004)
- County: Sussex
- Cross Streets: Fisher Avenue
- Driving Directions: Corner of Marshall & Mispillion Streets
- Traffic Count: Less Than 1000
- Location Details: Downtown
- City Limits: Yes
Heating & Cooling
- Cooling Type: Other
- Cooling Fuel: Other
- Heating Type: Other
- Heating Fuel: Other
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electric Available, Sewer Available
Structural Information
- Construction: Metal Siding
- Roof: Asphalt, Metal
- Ceiling Height: 10' to 12', 12' to 15'
- Drive-In Clearance: 8' to 12'
- # Loading Docks: 1
- Stories/Levels: 0
- Year Built: 1940
- Year Built Source: Estimated
- Property Condition: Very Good
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 2
- Lot Size (Sq. Ft.): 87,120
- Lot Size Source: Estimated
- Lot Dimensions: 0.00 x 0.00
- Street/Road Desc.: Paved
- Fence: Yes
- Lot Features: Additional Lot(s), Corner
- Zoning: I1/R2
- Lot Description: Additional Lot(s), Corner
Water Features
- Water Front Type: River
- Water Front Name: Mispillion River
Financial Considerations
- Price Per Sq. Ft.: $78.57
- Assessment Year: 2021
- City/TownTax: $2,493
- City/TownTax Freq: Annually
- County Tax: $983
- County Tax Freq: Annually
- Tax Amount: $3,476
- Tax Year: 2021
- Owner Pays: Insurance, Lawn/Shrub Care, Taxes - Real Estate
- Landlord Pays: Insurance, Lawn/Shrub Care, Taxes - Real Estate
Disclosures and Reports
- Ownership: Fee Simple
- Investment: Yes
Listed by Masten Realty Llc, JAMIE MASTEN
Sold by Masten Realty Llc, WES CROMER
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Schools
Schools serving 7 Marshall St
School District:Milford School District
| Name | Grades | Distance |
|---|---|---|
Ross (Lulu M.) Elementary School 310 Lovers Lane, Milford, DE 19963 | 2-5 | 0.5 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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7 Marshall St
Date
Details
Price
Change
Source
7/17/2024
Sold
$1,150,000
-30.3%
MLS
8/08/2022
Listed
$1,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7 Marshall Street, Milford, DE 19963 (MLS# DESU2026934) is a Warehouse property that was sold at $1,150,000 on July 17, 2024. Want to learn more about 7 Marshall Street? Do you have questions about finding other Warehouse real estate for sale in Milford? You can browse all Milford real estate or contact a Coldwell Banker agent to request more information.

