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$860,000

  • Sold
  • Closed
  • Retail
See This Home
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See This Home
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A great opportunity to own a historic commercial investment property in downtown Milford. The Governor Tharp building underwent a full renovation completed in 2007. This three-story building currently hosts seven apartments and one commercial retail space all of which are currently occupied with long term tenants. In the rear of the building, you will find a freshly paved asphalt parking lot with 15 spaces. This income producing property would be a nice addition to investors looking to expand their portfolio.

Full Property Details for 127 NW Front St

General

  • Sold For: $860,000
  • Taxes: $2,098 (2023)
  • Status: Closed
  • Type: Retail
  • Source: BrightMLSPhilly
  • MLS ID: DEKT2014232
  • Added to Site: 1, 283 day(s) ago

Business

  • Business Type: Apartment Building, Other/General Retail

Additional Information

  • Security/Safety: Sprinkler System - Indoor

Parking

  • Total Spaces: 15
  • Parking Features: Paved Parking
  • Parking Type: Parking Lot

Location

  • Area: Milford (30805)
  • County: Kent
  • Driving Directions: From Rt. 1 south turn right onto Silicato Pkwy. Then turn right onto DE-14 W/Rd 22/NE Front St. Follow for 1.2 Miles, building will be on your right. From rt. 113 north, turn right onto DE-14 W/Rd 22/NE Front St. Follow for approximately .75 miles, building will be on your left.
  • Location Details: Downtown
  • Historic District: Yes
  • City Limits: Yes

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Block, Brick, Brick Veneer, Stick Built
  • Foundation: Block
  • Entry Floor Number: 1
  • Stories/Levels: 3
  • Year Built: 1811
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7

Unit 1

  • Unit Description: Unit 1

Unit 2

  • Unit Description: Unit 2

Unit 3

  • Unit Description: Unit 3

Unit 4

  • Unit Description: Unit 4

Unit 5

  • Unit Description: Unit 5

Unit 6

  • Unit Description: Unit 6

Unit 7

  • Unit Description: Unit 7

Unit 8

  • Unit Description: Unit 8

Lot Features

  • Property View: Street
  • Lot Size (Acres): 0.29
  • Lot Size (Sq. Ft.): 12,425
  • Lot Size Source: Assessor
  • Lot Dimensions: 71.00 x 175.00
  • Street/Road Desc.: Black Top
  • Fence: Yes
  • Lot Features: Corner
  • Zoning: C2
  • Lot Description: Corner

Financial Considerations

  • Price Per Sq. Ft.: $103.16
  • Operating Expenses: $11,583
  • Assessment Year: 2023
  • School Tax: $1,738
  • County Tax: $360
  • County Tax Freq: Annually
  • Tax w/Assessment: $95,600
  • Tax Amount: $2,098
  • Tax Year: 2023
  • Owner Pays: Insurance, Repairs, Taxes - Real Estate, Other
  • Landlord Pays: Insurance, Repairs, Taxes - Real Estate, Other

Disclosures and Reports

  • Ownership: Fee Simple
  • Investment: Yes
  • Lot Number: 7600-000

Listed and Sold by The Parker Group, Dustin Parker

Listing agent

— 127 NW Front St —

  • Dustin Parker

    The Parker Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 127 NW Front St

School District:Milford School District
NameGradesDistance
Banneker (Benjamin) Elementary School
449 North Street, Milford, DE 19963
1-50.4 mi
Morris (Evelyn I.) Early Childhood
8609 3rd Street, Lincoln, DE 19960
PK-13.2 mi
Milford Central Academy
1021 North Walnut Street, Milford, DE 19963
6-81.2 mi
Milford Senior High School
1019 North Walnut Street, Milford, DE 19963
8-121.1 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 127 NW Front St

Date
Details
Price
Change
Source
12/03/2024
Sold
$860,000
-4.34%
MLS
8/06/2024
Price Reduced
$899,000
-16.37%
MLS
9/28/2022
Listed
$1,075,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by The Parker Group, Dustin Parker

127 NW Front Street, Milford, DE 19963 (MLS# DEKT2014232) is a Retail property that was sold at $860,000 on December 03, 2024. Want to learn more about 127 NW Front Street? Do you have questions about finding other Retail real estate for sale in Milford? You can browse all Milford real estate or contact a Coldwell Banker agent to request more information.