Downtown Milford Commercial Property
For Sale
$499,000
112 PARK AVENUE, Milford, DE 19963
Two-story building in Milford's central business district near Mispillion River.
Property SizeContact for details
Lot Size0.24 Acres
Days on Market1656
Property Features for 112 PARK AVENUE
General Information
Standard status
Active
Lot size
0.24 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$1,801
Building Details
Year Built
1953
Listing Agency:
Iron Valley Real Estate at The Beach
(302) 535-5599
Listed By:
Renee Edge · License #RA0031042
(302) 535-5599
Source:
Exitrealty
Added: Jan 28, 2022
Changed: Aug 8
Last Checked: Aug 11 at 6:03AM
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 Iron Valley Real Estate at The Beach
Investment Insights
Based on property information with market context.
Located in the central business district of Milford, Delaware, this commercial property offers a business opportunity on just under a quarter acre along the Mispillion River. The two-story building features a showroom, office space, storage rooms, a drive-in garage area, a paint booth area, a bathroom, and an upstairs sewing room with additional storage. A separate section with its own entrance and electric provides open space and a bathroom, suitable for a separate business or leasing opportunity. The building includes sixteen-inch beams on the ceiling, 20 feet of ceiling clearance, and a recently updated flat roof. A sidewalk is located in the front, and a private parking lot is on the side. The property includes two parcels. The Mispillion River provides water views, with park views across the river. Permitted uses include flower shop, restaurant, retail, barber, craft distillery and microbrewery, tavern, antique shop, and laundry. Additional public parking is available at the adjacent shopping center. Located within a "Downtown Development District" and a Federal Opportunity Zone, the property may qualify for rebates on construction costs, waived building permit and impact fees, and stay of assessed value. The City of Milford has a population just over 10,000. The location is 30 minutes from resort beaches and a few miles from the Delaware Bay shore.
Key Highlights
- Prime downtown location in Milford's central business district on the Mispillion River with water views.
- Large, clean, two‑story commercial building with multiple permitted uses and flexible layout.
- Potential income generation through leasing separate section with its own entrance and electric.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
6k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
4,848 visits/mo
0.2 miles
Firestone Complete Auto Care
Shops & Services
1,618 visits/mo
0.3 miles
Demographics for 19963, DE
20,827
Population
10,300
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
105.1 sq mi
ZIP Area
198
Density / Sq Mi
$65,420
Median Household Income
$40,157
Median Earnings
$1,161
Median Rent
$291,200
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?
Auto shop - Two-story building in Milford's central business district near Mispillion River.
Where is this auto shop located?
The property is located at 112 PARK AVENUE Milford, DE.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Prime downtown location in Milford's central business district on the Mispillion River with water views.; Large, clean, two‑story commercial building with multiple permitted uses and flexible layout.; Potential income generation through leasing separate section with its own entrance and electric.
