2306 Bay Rd Milford, DE 19963
This exceptional commercial property offering presents a rare opportunity to lease three contiguous office spaces located at 2306, 2318, and 2332 E Bay Road in Milford, Delaware. Situated on a generous 1.4-acre lot, this property provides ample space and parking for tenants and their clients. Each of the three office spaces is available for lease at a monthly rate of $1700. The lease structure is a Triple Net (NNN) lease, meaning tenants are responsible for property taxes, insurance, and maintenance expenses in addition to the base rent. This transparent and cost-effective arrangement allows for predictable budgeting and operational expenses. The property is zoned BG, General Business District, making it suitable for a wide range of commercial and business uses. Prospective tenants should independently verify zoning compliance with local regulations to ensure their intended use aligns with permitted activities. It's important to note that these spaces are strictly for commercial purposes and are not suitable for residential occupancy. The property's location in Milford offers convenient access to major roadways and local amenities, making it an attractive location for businesses seeking a well-situated and functional office space. Interested parties are encouraged to inquire further to explore the possibilities and schedule a viewing. The total monthly rent for all three spaces is $5100.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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