Two-Story Office
New
For Sale
$399,000
103 W PINE St, Georgetown, DE 19947
Five private offices and a conference room provide a functional professional workspace.
Property SizeContact for details
Days on Market2
Property Features for 103 W PINE St
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,000
Building Details
Year Built
1792
Listing Agency:
Patterson-Schwartz-Rehoboth
Listed By:
JOHN RISHKO
(302) 381-2504
Source:
Elliman
Added: Sep 26
Last Checked: Sep 26 at 3:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Patterson-Schwartz-Rehoboth
Investment Insights
Based on property information with market context.
Built in 1792, this two-story office property is arranged with five offices, a conference room, a full kitchen, and one full and one half bathroom. Updates include flooring, the roof, windows, and HVAC. Heating is provided by baseboard radiators, a furnace, and mini-split systems; central air conditioning has two outdoor units purchased in 2021. The building is ADA accessible and includes a storage garage.
The property is within Georgetown town limits and zoned UR 1, with conditional use approval. It is one block from the town circle. Parking accommodates six vehicles. A tenant occupies the property, pays utilities, and has two years remaining on the lease. The stated cap rate is 10%; the landlord covers insurance and taxes.
The property is within Georgetown town limits and zoned UR 1, with conditional use approval. It is one block from the town circle. Parking accommodates six vehicles. A tenant occupies the property, pays utilities, and has two years remaining on the lease. The stated cap rate is 10%; the landlord covers insurance and taxes.
Key Highlights
- Five offices, a conference room, kitchen, and two bathrooms
- UR 1 zoning with conditional use approval
- 10% cap rate; tenant pays utilities, while landlord pays insurance and taxes
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
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Business Placement
Demographics for 19947, DE
20,964
Population
6,972
Households
3
Avg Household Size
37
Median Age
18%
College-Educated
76%
High-School Grad
119.2 sq mi
ZIP Area
176
Density / Sq Mi
$68,529
Median Household Income
$35,227
Median Earnings
$1,298
Median Rent
$294,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Five private offices and a conference room provide a functional professional workspace.
Where is this office building located?
The property is located at 103 W PINE St Georgetown, DE.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Five offices, a conference room, kitchen, and two bathrooms; UR 1 zoning with conditional use approval; 10% cap rate; tenant pays utilities, while landlord pays insurance and taxes
