$499,000 1 Front Street Milford, DE

MLS: DEKT231172   Type: Commercial   County: Kent   City: Milford   Zip: 19963   Style: Professional,Restaurant/Bar,School     Taxes: $4,949

Mortgage $2,343 /mo



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New Milford Rte One overpass takes you straight to this majestic corner. Benefits include the QOZ-Tax Cut & Jobs Act; investor potential. Safe deposit boxes are still intact. Mezzanine has been approved by fire marshal. A must see. Ideal for restaurant, brewery, professional offices, Bank? Use your imagination. Landmark corner, will not disappoint. Updated HVAC and Air compressors. Property has all the modern conveniences with the charm of the Art Deco era. The City of Milford owns the adjacent parking lots (x 2) but is very willing to lease to the new owners. All asphalted, H/C accessible etc.

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Price History

7/29/2019 Listed $599,000
11/4/2019 9% - $549,000
12/18/2019 10% - $499,000

Acceptable Financing Cash
Accessibility Level Entry - Main
Avg. Electric Per Month 704.0
Business Type Professional, Restaurant/Bar, School, Other
Construction Materials Masonry
Cool Fuel Natural Gas, Electric
Cooling Central A/C
County KENT
Electric 200+ Amp Service
Exclusions Current equipment belonging to Seller
Facing Direction South
Heating 90% Forced Air
Historic Y/N N
Location Type Corner Lot/Unit
MLS Area Milford (30805)
New Construction N
Ownership Fee Simple
Parking Features Handicap Parking, Paved Parking, Public
Possession 0-30 Days CD
Price Per Sq Ft 124.75
Property SubType Office
Property Type Commercial Sale
Property Use Owner User
PropertyCondition Good, Very Good
Real Estate Owned Y/N N
Roof Unknown
Sewer Public Sewer
Tax Annual Amount 4949.0
Tax Year 2019
Topography Level
Utilities Natural Gas Available, Electric Available, Phone Available, Sewer Available, Water Available
Vacation Rental Y/N N
View Street
Water Access Y/N N
Zoning TOWN

Interior Features

Central Air Y/N Y
Clear Span Ceiling Height Over 24'
Heating Fuel Natural Gas
Heating Y/N Y
Hot Water Natural Gas
Total Restrooms 4

Exterior Features

Building Area Total 4000.00
Car Parking Spaces 10
Fencing Y/n N
Foundation Details Stone
Inclusions Lights, permanent fixtures, Bank Vault, original Teller cages, Safety deposit boxes, Original doors
Lot Dimensions 72 x 106
Lot Features Corner
Lot Size Acres 0.17
Lot Size Source Estimated
Lot Size Square Feet 7405.20
Navigable Water Y/N N
Road Frontage Length 71
Road Surface Type Black Top
Roadresponsibility City/County
Topography Description Level
Total Parking Spaces 10
Type of Parking Parking Lot
Water Oriented Y/N N
Water Source Public
Water View Y/N N
Waterfront Y/N N

Property Schools

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Gallery (39 photos)

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Property vs Zip Code Avg (19963)

Price 499K Avg 882K

Sqr Feet 4,000 Avg 16,650

Cost / Sqr Ft $125 Avg $53

Taxes $4,949 Avg $2,072

Acres 0.17 Avg 2.81

Visits 91 Avg 93

Days on Site 491 Avg 418

Walkscore® 83 Avg 52

Data Provided by Walkscore ® not using MLS data

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