Mixed-Use Building in Historic
For Sale
$570,000
Delaware City, DE 19706, Delaware City, DE 19706
Live/work property with income potential in Delaware City's historic district.
Property Size4,096 SF
Lot Size0.11 Acres
Price / SF$139.16
Days on Market254
Property Features
General Information
Standard status
Active
Size
4,096 SF
Lot size
0.11 Acres
Property subtype
Industrial
Building Details
Building Size
4,096 SF
Year Built
2002
Listed By:
Sean McNeice
(302) 414-1000
Source:
Corfac
Added: Jan 26
Changed: Sep 11
Last Checked: Oct 5 at 3:59PM
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 Sean McNeice
Investment Insights
Based on property information with market context.
This 4,096 square foot mixed-use commercial building is located in the historic district of Delaware City, situated on approximately 0.11 acres. The property offers a live/work setup, with the upper level presenting the opportunity to be transformed into an open, creative loft-style apartment. This space is suited for artists, designers, or entrepreneurs seeking an inspiring live-in workspace. The ground floor features a flexible open-concept area, suitable for retail, office, studio, or service-based businesses. The rear portion of the building is occupied by a tenant with approximately three years remaining on their lease, generating rental income. The tenant occupies approximately 725 square feet and operates a glass blowing business. The property benefits from its location near Fort Delaware State Park ferry launch and other local attractions, which contributes to foot traffic and tourism. The property is located in Delaware City, DE 19706.
Key Highlights
- Mixed‑use commercial building with live/work potential in historic Delaware City.
- Immediate rental income from established tenant with 3 years remaining on lease ($1,100/month).
- Upper level offers opportunity to create a loft‑style apartment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,742
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,840
$834.8K
Cap Rate 7%
$596,314
$596.3K
Cap Rate 9%
$463,800
$463.8K
Market Conditions
NOI Build-Up for 4,096 SF
Gross rent
$77.7K $18.96/SF
− Vacancy
−$10.9K −$2.65/SF
EGI
$66.8K $16.31/SF
− OpEx
−$25.0K −$6.11/SF
NOI
$41.7K $10.19/SF
Area
New Castle County, DE
Vacancy
14.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,840
Cap Rate 7%
$596,314
Cap Rate 9%
$463,800
Alternative Uses
Best Use
Office B
$797.0K
$697.4K – $929.8K
NOI $55,790 @ 7.0% cap · market cap 9.79%
Second Best
Mixed Use
$596.3K
$521.8K – $695.7K
NOI $41,742 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$979.7K
$857.3K – $1.14M
NOI $68,581 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Explore this area
Business Placement
Demographics for 19706, DE
1,938
Population
774
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
2.5 sq mi
ZIP Area
775
Density / Sq Mi
$77,143
Median Household Income
$48,929
Median Earnings
$1,420
Median Rent
$244,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Live-work space - Live/work property with income potential in Delaware City's historic district.
Where is this live-work space located?
The property is located at Delaware City, DE.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Mixed‑use commercial building with live/work potential in historic Delaware City.; Immediate rental income from established tenant with 3 years remaining on lease ($1,100/month).; Upper level offers opportunity to create a loft‑style apartment.
