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Mixed-Use Property with Detached Cottage
For Sale
$500,000

16 BROAD STREET, Middletown, DE 19709

Investment opportunity: storefront, apartments, and detached cottage.

Property SizeContact for details
Days on Market149

Property Features for 16 BROAD STREET

General Information

Standard status Active
Property subtype Multi-Family

Taxes and HOA fees

Annual Taxes $3,644

Amenities

Window Air Conditioning
3
No Parking.
35x89
Satellite Dish. Downtown.

Building Details

Year Built 1920
Stories 3
Listing Agency: RE/MAX Advantage Realty
Listed By: Stephen Tolmie · License #RB-0020043
Source: Xome
Added: Apr 13 Changed: Sep 8 Last Checked: Sep 8 at 7:56AM

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 RE/MAX Advantage Realty

Investment Insights

Based on property information with market context.

This property presents a rarely available investment opportunity, featuring a storefront, three apartments, and a separate detached cottage. The location has a walk score of 71, indicating it is very walkable, and a bike score of 59, making it bikeable. The transit score is 22, suggesting minimal transit options.

Key Highlights

  • Investment opportunity with multiple income streams.
  • Store front included.
  • Three apartments included.

Property Analytics

Current Use

Thekikback Clothing & Fashion Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Parking Lot & Garage Bakery Grocery & Convenience Store Kitchen & Bath Showroom Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,575
Businesses Nearby

Demographics for 19709, DE

49,599
Population
17,819
Households
2.8
Avg Household Size
39
Median Age
49%
College-Educated
96%
High-School Grad
77.6 sq mi
ZIP Area
639
Density / Sq Mi
$129,971
Median Household Income
$69,505
Median Earnings
$1,571
Median Rent
$444,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Mixed-use property - Investment opportunity: storefront, apartments, and detached cottage.
Where is this mixed-use property located?
The property is located at 16 BROAD STREET Middletown, DE.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Investment opportunity with multiple income streams.; Store front included.; Three apartments included.
More about this property
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