198 Mullet Run St Milford, DE 19963

This exceptional investment opportunity presents a 2-acre commercial property in Milford, Delaware, boasting Business Park (BP) zoning. The site features a secure, fenced perimeter with gated vehicle access, minimizing maintenance requirements and maximizing security. The property comprises two single-story metal buildings. The larger building, spanning 7,200 square feet (60x120), is fully leased under a gross lease to a long-term tenant, ensuring a consistent stream of rental income. The smaller building, measuring 2,400 square feet (40x60), is currently owner-occupied and offers significant potential. It's framed and ready for customization, offering flexibility for future leasing or expansion by the existing tenant, who has expressed interest in occupying this space. Pre-approved site plans are in place to establish independent utilities for this second building, enhancing its marketability and appeal to potential tenants. This property offers a compelling blend of immediate return on investment from the existing lease and significant future growth potential through the development or lease of the second building. Priced at $1,500,000, this is a rare opportunity to acquire a low-maintenance, high-yield commercial property in a desirable location.