Operational Restaurant
For Sale
$395,000
109 Union St. 109 Union St. C, Milton, DE 19968
Furniture and equipment are included, with seating for 12 at the bar.
Property Size1,850 SF
Price / SF$213.51
Days on Market83
Property Features for 109 Union St. 109 Union St. C
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Business Opportunity
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Building Details
Year Built
1912
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
Listed By:
SHEILA SETZER, Amy J Kellenberger
Source:
Thecashiongroup
Added: Jul 25
Changed: Oct 5
Last Checked: Oct 7 at 1:15PM
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 Berkshire Hathaway HomeServices PenFed Realty
Investment Insights
Based on property information with market context.
Established restaurant business offered as a fully operational sale in Milton, Delaware. The transaction includes the restaurant’s furniture and equipment, along with a configured service and dining setup featuring 16 tables and a 12-seat bar.
The property is located at 109 Union St. C and was built in 1912. The sale centers on an operating restaurant business with its existing furnishings and equipment in place.
The property is located at 109 Union St. C and was built in 1912. The sale centers on an operating restaurant business with its existing furnishings and equipment in place.
Key Highlights
- Fully operational restaurant business
- Furniture and equipment included
- 16 tables in the existing layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,403
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,060
$448.1K
Cap Rate 7%
$320,043
$320.0K
Cap Rate 9%
$248,922
$248.9K
Market Conditions
NOI Build-Up for 1,850 SF
Gross rent
$33.3K $18.00/SF
− Vacancy
−$3.4K −$1.85/SF
EGI
$29.9K $16.15/SF
− OpEx
−$7.5K −$4.04/SF
NOI
$22.4K $12.11/SF
Area
Sussex County, DE
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,060
Cap Rate 7%
$320,043
Cap Rate 9%
$248,922
Alternative Uses
Best Use
Specialty Retail
$320.0K
$280.0K – $373.4K
NOI $22,403 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$508.4K
$444.8K – $593.1K
NOI $35,587 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19968, DE
13,800
Population
7,380
Households
1.9
Avg Household Size
53
Median Age
40%
College-Educated
94%
High-School Grad
63.9 sq mi
ZIP Area
216
Density / Sq Mi
$81,646
Median Household Income
$43,088
Median Earnings
$1,408
Median Rent
$418,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Furniture and equipment are included, with seating for 12 at the bar.
Where is this conventional restaurant located?
The property is located at 109 Union St. 109 Union St. C Milton, DE.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Fully operational restaurant business; Furniture and equipment included; 16 tables in the existing layout
