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    2306 Bay Rd Milford, DE 19963

    For Sale
    Contact for pricing

    Three modern offices, 1.4 acres, NNN lease.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    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.

    Property Features for 2306 Bay Rd

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    60,984 SF

    Building Details

    Year Built
    1947
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Kent
    State
    Delaware
    Longitude
    -75.43417
    Latitude
    38.97151

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    FAQs

    What type of property is this?
    Office Property / Space - Three modern offices, 1.4 acres, NNN lease.
    Where is this office property / space located?
    The property is located at 2306 Bay Rd Milford, DE.
    (302) 674-3400
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    2306 Bay Rd Milford, DE 19963
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    Milford, DE 19963
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2306 Bay Rd Milford, DE 19963
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