Active
198 Mullet Run St
Milford DE, 19963
$1,500,000
$156.25 per sqft
Active
9,600 sqft
Commercial
Built in 2001
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.
DEKT2033012
MLSⓇ ID
January 7, 2025
Listed
January 13, 2025
Updated
Map
198 Mullet Run St
Milford DE, 19963
Interior Features
Total Stories
1
Interior Features
Carpet, Concrete
Floor Description
Carpet, Concrete
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0 Acres
Roof
Metal
Sewer
Public Sewer
Other Property Details
Taxes
$2,051
Tax Frequency
Annually
Days on Market
7
Garage
No
Parking Total
20
View
No
County
KENT
Water Source
Public
Pool
No
Listed by Keller Williams Realty Central-Delaware
Listing Contact: 3022702917
The IDX display contains information sourced from the Bright MLS, Inc. as of 1/13/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 1/13/2025 at 11:09 PM UTC
