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$499,000
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Property Description & Video
112 Park Avenue, Milford, DEVideo Tour of 112 Park Avenue, Milford, DE.
PRICE IMPROVEMENT! Bring Offers! Welcome to your downtown business opportunity in the central business district of Milford DE! Just under a quarter acre of commercial property with multiple permitted uses on the Mispillion River! Huge, clean, 2 story building with plenty of space for your business needs! Presently it has a showroom, office space, storage rooms, large drive in garage area, paint booth area, bathroom, and sewing room upstairs with more storage space. Then you have another section with separate entrance and electric that has plenty of open space and a bathroom. Have a separate business, utilize the extra space, or lease out the space for income! Sixteen inch beams on the ceiling, 20 feet of ceiling clearance, and a recently updated flat roof. Sidewalk in the front and private parking lot on the side included. Behind the building is the Mispillion River for nice water views and park views just across the River. Sale includes 2 parcels. Currently being operated as an Auto Trim and Accessories Shop that has been in business over 30 years! Business, equipment, and inventory not included in sale but could be negotiated separately. Continue with the current business type use that is in place or create your own business venture from one of the many permitted uses. A few ideas are flower shop, restaurant, retail, barber, Craft distillery and microbrewery, tavern, antique shop, laundry, and more. See the City of Milford Website for a complete list of uses and also included in the photos. Additional public parking is available at next door shopping center. Take advantage of the "Downtown Development District" opportunities for new businesses. Some of these opportunities include rebates on construction costs, building permit and impact fees waived, and stay of assessed value. Contact the city for more details. You are also in a Federal Opportunity Zone. The City of Milford has a population just over 10,000 and is a city split between Kent and Sussex Counties of Delaware. It is rich in history with ship building as a major industry in the early days, as the Mispillion River goes right to the Delaware Bay. Today you have a growing city with many businesses downtown, riverwalk area, dog park, public park, nature trail, kayak/boat launch, shopping centers, public library, and many annual town events including parades. Location is just 30 minutes to resort beaches and only a few miles to the shore along the Delaware Bay. Be sure to click the virtual tour link for a video tour! Have a business looking for more room or looking to start a business? Call today!
Full Property Details
Full Property Details for 112 Park Ave
General
- Price: $499,000
- Taxes: $1,801 (2021)
- Status: Active
- Type: Commercial
- Source: BrightMLSPhilly
- MLS ID: DEKT2006694
- Updated: 8/6/2024
- Added to Site: 1, 187 day(s) ago
Business
- Business Type: Auto Related
Interior
- Flooring: Concrete, Wood
Rooms
Bathrooms
- Restrooms: 2
Parking
- Total Spaces: 6
- Parking Features: Paved Parking, Private
- Parking Type: Parking Lot
Location
- Area: Milford (30805)
- County: Kent
- Driving Directions: From Route 1 turn onto Route 14 West which runs into NE Front St. Turn left on N Washington Street then left on Park Ave, second building in the right.
- Location Details: Downtown
- City Limits: Yes
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Oil
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electric Available, Sewer Available, Water Available
Structural Information
- Construction: Block, Concrete
- Foundation: Slab
- Roof: Flat
- Drive-In Doors: 1
- Stories/Levels: 0
- Year Built: 1953
- Year Built Source: Estimated
- Property Condition: Very Good
Unit Information
- # Tenants: Multiple
Lot Features
- Property View: City, Park/Greenbelt, River, Water
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,454
- Lot Size Source: Estimated
- Lot Dimensions: See in photos
- Frontage Feet: 188
- Lot Features: Additional Lot(s), Stream/Creek
- Zoning: C2
- Lot Description: Additional Lot(s), Stream/Creek
Water Features
- Water Front: Yes
- Water View: Yes
- Navigable Water: Yes
- Water Access: Yes
- Water Access Desc: Fishing Allowed, Canoe/Kayak
- Water Front Type: River
- Water Front Name: Mispillion River
Financial Considerations
- Price Per Sq. Ft.: $90.73
- City/TownTax: $740
- City/TownTax Freq: Annually
- County Tax: $1,061
- County Tax Freq: Annually
- Tax w/Assessment: $47,500
- Tax Amount: $1,801
- Tax Year: 2021
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Antique Refrigerator does not convey and is not for sale. Seller can clear out contents of property and deliver vacant or negotiate sale of items outside of real estate purchase. Business equipment /Tools/Furniture/Appliances/Inventory not included in price but could be purchased outside of sale of property and building
Listed by Keller Williams Realty, Renee Edge
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Schools
Schools serving 112 Park Ave
School District:Milford School District
Rating | Name | Grades | Distance |
---|---|---|---|
449 North St, Milford, DE 19963 | 1-5 | 0.5 mi | |
Morris Early Childhood Center
8609 3rd St, Lincoln, DE 19960 | PK-1 | 3.1 mi | |
1021 N Walnut St, Milford, DE 19963 | 8-9 | 1.1 mi | |
1019 N Walnut St, Milford, DE 19963 | 8-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 112 Park Ave
Date
Details
Price
Change
Source
3/27/2024
Price Reduced
$499,000
-15.42%
MLS
11/26/2022
Price Reduced
$590,000
-5.6%
MLS
9/14/2022
Price Reduced
$625,000
-3.1%
MLS
5/03/2022
Price Reduced
$645,000
-0.77%
MLS
1/27/2022
Listed
$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.
Estimate the Cost
Estimate the Cost for 112 Park Ave
112 Park Avenue, Milford, DE 19963 (MLS# DEKT2006694) is a Commercial property. 112 Park Avenue is currently listed for $499,000 and was received on January 27, 2022. Want to learn more about 112 Park Avenue? Do you have questions about finding other Commercial real estate for sale in Milford? You can browse all Milford real estate or contact a Coldwell Banker agent to request more information.