Historic Storefront
For Sale
$329,000
100 2nd Street, Milford, PA 18337
Residential, Milford, PA
Property Size1,539 SF
Lot Size0.09 Acres
Price / SF$213.78
Days on Market492
Property Features for 100 2nd Street
General Information
Property type
Commercial Sale
Property subtype
Single Family Residence
Zoning
(CO4)
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Game Room, Basement, Bathroom 1, Den
Parking
4
Parking features
Garage
Security features
Security System
Exterior features
Lighting
Basement
Storage Space
Elementary school district
Delaware Valley
Middle school district
Delaware Valley
High school district
Delaware Valley
Directions
East Harford Street to Left on 2nd Street, Blue Building on Right. # 100Across from Mid-Lantic Building, 2 Buildings from 2nd Street Salon.
Standard status
Active
APN
113.17-01-32
Size
1,539 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
113.17-01-32 Control 000456
Tax Annual Amount
4869
Legal Description
113.17-01-32 Control 000456
Utilities
Sewer type
Cesspool
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
updated hardwood flooring
bathroom with shower
small kitchen
metal roof
wheelchair access
200 AMP service
city water
back yard space for a patio
Building Details
Year built
1820
Floors in Building
2
Flooring type
Hardwood
Building materials
Frame
Roof type
Metal, Asphalt
Listing Agency:
Keller Williams RE Milford · Keller Williams Realty
(570) 296-6400
Listed By:
Elena Quinn
(845) 313-6332
Added: Apr 28, 2025
Changed: Sep 1
Last Checked: Sep 1 at 12:06PM
MLS# PW-251444
Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1820, this 1,539-square-foot commercial storefront in Milford combines an open interior with updated hardwood flooring. The property includes a bathroom with shower, a small kitchen, 200 AMP electrical service, public water, a garage, and rear wheelchair access. Window and wall units provide cooling, while hot-water heating and natural gas serve the building. Current use is a guitar business.
The property is positioned near Milford’s Cultural District, with local shops, cafes, Log Tavern Brewery, and La Posada within walking distance. Access is convenient to Rt 84, Rt 209, and the bridge into New Jersey. The 0.09-acre parcel also includes backyard space that may accommodate a patio, subject to applicable requirements. Zoning is (CO4).
The property is positioned near Milford’s Cultural District, with local shops, cafes, Log Tavern Brewery, and La Posada within walking distance. Access is convenient to Rt 84, Rt 209, and the bridge into New Jersey. The 0.09-acre parcel also includes backyard space that may accommodate a patio, subject to applicable requirements. Zoning is (CO4).
Key Highlights
- 1,539 square feet of commercial storefront space on a 0.09‑acre parcel
- Built in 1820 with hardwood flooring and an open interior layout
- 200 AMP electrical service, public water, and cesspool sewer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,907
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$378,140
$378.1K
Cap Rate 7%
$270,100
$270.1K
Cap Rate 9%
$210,078
$210.1K
Market Conditions
NOI Build-Up for 1,539 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.3K $21.00/SF
− Vacancy
−$7.1K −$4.62/SF
EGI
$25.2K $16.38/SF
− OpEx
−$6.3K −$4.10/SF
NOI
$18.9K $12.29/SF
Area
Pike County, PA
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$378,140
Cap Rate 7%
$270,100
Cap Rate 9%
$210,078
Alternative Uses
Best Use
Office B
$270.1K
$236.3K – $315.1K
NOI $18,907 @ 7.0% cap · market cap 5.75%
Second Best
Retail
$206.6K
$180.8K – $241.1K
NOI $14,463 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$375.6K
$328.6K – $438.2K
NOI $26,290 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 18337, PA
15,519
Population
7,615
Households
2
Avg Household Size
47
Median Age
33%
College-Educated
95%
High-School Grad
71.8 sq mi
ZIP Area
216
Density / Sq Mi
$89,935
Median Household Income
$48,022
Median Earnings
$1,507
Median Rent
$284,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Bashful Blooms — 319 Broad St, Milford, PA 18337
Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial layout with hardwood floors and rear wheelchair access.
Where is this storefront property located?
The property is located at 100 2nd Street Milford, PA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 1,539 square feet of commercial storefront space on a 0.09‑acre parcel; Built in 1820 with hardwood flooring and an open interior layout; 200 AMP electrical service, public water, and cesspool sewer
