Homes for sale - 198 MULLET RUN ST, Milford, DE 19963

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Henry Jaffe

henry@jaffeassoc.com +1(302) 296-6646

$ 1,500,000

Est. payment | -/mo

9,600 SqFt

Save

$ 1,500,000

Est. payment | -/mo

Save

9,600 SqFt

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 9,600 sqft

Price per Sqft $156

MLS Listing ID DEKT2033012

Originating Board BRIGHT

Year Built 2001

Annual Tax Amount $2,050

Tax Year 2023

Lot Size 2 Sqft

Lot Dimensions 1.00 x 0.00

Property Description

Prime Investment Opportunity: 2-Acre Secure Commercial Property with Reliable Income. This 2-acre property in Kent County is a solid investment opportunity, featuring Business Park (BP) zoning and a secure, fenced perimeter with gated vehicle access. Minimal maintenance needs make this a hassle-free asset for investors seeking immediate returns. The larger 7,200 sq ft (60x120) single-story metal building is fully leased under a gross lease, providing steady rental income with a long-term tenant. The additional 2,400 sq ft (40x60) single-story metal building is currently owner-occupied and framed, offering flexibility for future leasing or customization. The property owner has already commissioned site plans to establish independent utilities for this building, improving its usability and appeal to prospective tenants. The current tenant has also expressed interest in expanding operations into this space, increasing potential cash flow. This property delivers a compelling mix of stable income and growth potential. Contact us today for more information or to arrange a showing.

Location

State DE

County Kent

Area Milford (30805)

Zoning BP

Interior

Hot Water None

Heating Heat Pump - Gas BackUp

Cooling Central A/C

Flooring Concrete, Carpet

Heat Source Natural Gas

Exterior

Garage Spaces 20.0

Utilities Available Natural Gas Available, Electric Available, Sewer Available

Water Access N

Roof Type Metal

Street Surface Paved

Accessibility None

Total Parking Spaces 20

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Milford

Others

Tax ID MD-16-17300-01-0321-000

Ownership Fee Simple

SqFt Source Estimated

Security Features Security Gate

Special Listing Condition Standard

Listed by Nikhil Patel • Keller Williams Realty Central-Delaware

"I am committed to supporting clients in making informed real estate decisions, providing superior service, and generating results. Please give me a call or email if you have questions; I'm here to bring value, insight, and efficiency to your real estate objectives." -Henry Jaffe

+1(302) 296-6646

henry@jaffeassoc.com

198 MULLET RUN ST Milford, DE 19963