$1,250,000
$1,500,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
4,200 SqFt
SOLD DATE : 06/28/2024
Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $297
MLS Listing ID DENC2055682
Sold Date 06/28/24
Originating Board BRIGHT
Year Built 1962
Annual Tax Amount $7,043
Tax Year 2023
Lot Size 1.830 Acres
Acres 1.83
Lot Dimensions 400 x 200
Property Description
A high visibility property on 1.83 acres commercially zoned with 400' of road frontage on U.S. Route 40 in Bear, Delaware. This commercial zoned area include a 4-unit, 4200 square feet, fully leased, retail center and 1.2 acres of undeveloped road frontage on U.S. Route 40. The total NOI for the commercial center has a 6% cap rate. Great potential for additional changes to increase maximum income. Many possibilities for the 1.2 undeveloped area with approximately 260" of Route 40 frontage to build additional retail space , Car wash, Convenience store, Daycare, Medical or Office building, or many other applications.
Location
State DE
County New Castle
Area Newark/Glasgow (30905)
Zoning COMMERCIAL
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Oil, Propane - Owned
Exterior
Garage Spaces 100.0
Water Access N
Accessibility None
Total Parking Spaces 100
Garage N
Building
Lot Description Rented Lot
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Colonial
Others
Tax ID 10033400112
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Patrick Gioffre • Gioffre Commerical Realty LLC
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