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$500,000
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Property Description
Endless Possibilities Await-Live, Work, and Invest in the Heart of Downtown Milton! This one-of-a-kind property offers a rare combination of residential and commercial space, making it an exceptional opportunity for homeowners, business owners, and investors alike. The spacious 3,570 sq. ft. warehouse features five bays, providing ample room for storage, workspace, or business operations. Also included on the property is a charming 2-bedroom, 1-bath single-family home, perfect for comfortable living or rental income (estimated 60K per year). Adding to its versatility, The Studios on Walnut, a renovated commercial property in 2013, serves as a dynamic hub for artists and creatives. This unique building includes four separate studios, each with private entrances, and two large garage bays. One bay is used as a common area for classes, featuring an area with two sinks, a handicap-accessible bathroom, and counters with built-in storage. The second bay serves as a studio and gathering space, ideal for artistic and community events. Each room is equipped with its own HVAC system for heating and air conditioning, and the building is powered by two upgraded 200-amp electrical services. Over the years, The Studios on Walnut has hosted numerous art openings and gallery events, making it a truly special space. A large front parking lot provides space for up to 12 vehicles, ensuring accessibility for residents, artists, and visitors. Located in prime downtown Milton, this property places you at the heart of a thriving community. Don't miss this rare opportunity to own a flexible, multi-use space.
Full Property Details
Full Property Details for 312 Walnut St
General
- Sold For: $500,000
- Taxes: $1,639 (2024)
- Status: Closed
- Type: Commercial
- Source: BrightMLSMidAtlantic
- MLS ID: DESU2078826
- Added to Site: 327 day(s) ago
Business
- Business Type: Other
Interior
- Flooring: Concrete
Parking
- Total Spaces: 6
- Parking Type: Other
Location
- Area: Broadkill Hundred (31003)
- County: Sussex
- Driving Directions: From Route 1, Cave Neck Road (Rd 88), west to Milton. Right on Walnut Street, see signs on corner of Walnut and Prettyman. Park on left.
- Location Details: Free Standing
- City Limits: Yes
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
- Utility Description: Propane
Structural Information
- Construction: Concrete, Vinyl Siding
- Roof: Shingle, Asphalt
- Drive-In Doors: 3
- Stories/Levels: 0
- Year Built: 1968
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.33
- Lot Size (Sq. Ft.): 14,375
- Lot Size Source: Assessor
- Lot Dimensions: 80.00 x 157.00
- Street/Road Desc.: Concrete
- Zoning: TN
Financial Considerations
- Assessment Year: 2024
- School Tax: $753
- City/TownTax: $819
- City/TownTax Freq: Annually
- County Tax: $67
- County Tax Freq: Annually
- Tax Amount: $1,639
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
Listed by Monument Sotheby's International Realty, Andrew Staton
Sold by Berkshire Hathaway HomeServices PenFed Realty, SANDRA L WARE
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Schools
Schools serving 312 Walnut St
School District:Cape Henlopen School District
| Name | Grades | Distance |
|---|---|---|
H. O. Brittingham Elementary School 402 Mulberry Street, Milton, DE 19968 | PK-5 | 0.6 mi |
Mariner Middle School 16391 Harbeson Road, Milton, DE 19968 | 5-8 | 0.7 mi |
Cape Henlopen High School 1250 Kings Highway, Lewes, DE 19958 | 8-12 | 8.7 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 312 Walnut St
Date
Details
Price
Change
Source
7/11/2025
Sold
$500,000
-28.06%
MLS
2/26/2025
Listed
$695,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
312 Walnut Street, Milton, DE 19968 (MLS# DESU2078826) is a Commercial property that was sold at $500,000 on July 11, 2025. Want to learn more about 312 Walnut Street? Do you have questions about finding other Commercial real estate for sale in Milton? You can browse all Milton real estate or contact a Coldwell Banker agent to request more information.

