Added: Jan 27Changed: Oct 1Last Checked: Oct 14 at 8:15PM
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Investment Insights
Based on property information with market context.
Milton Medical Park is a fully leased medical office campus located in Milton, DE. The park consists of two existing buildings totaling 12,860 square feet and offers multi-tenant diversification. Building #1 comprises 6,250 square feet, and Building #2 is 6,610 square feet; both are fully leased to long-standing medical office tenants. The property provides approximately 80 on-site parking spaces, multiple monument signs, and accessibility. The park includes a pad site for a future approximately 3,264 square foot office building, providing an opportunity for expansion in a growing market. Sussex County is one of the fastest-growing markets on the East Coast, and with zoning and development constraints allowing for limited commercial construction to service that growth, there is long-term value in place. Strategically located near downtown Milton and Route 1, and with over 2,000 new residential homes under construction or in planning, Milton Medical Park combines visibility, accessibility, and long-term growth potential. Located at 611 Federal Street, this investment property sits in the heart of Milton, Delaware’s walkable downtown district. Federal Street is a core downtown corridor, placing the property within immediate proximity to Main Street businesses, local restaurants, breweries, boutique retailers, municipal offices, and community gathering spots. The location benefits from local traffic, an established residential base with over 2,000 new residential lots in planning, and year-round demand. Its position within downtown Milton creates a live-work-play environment that supports long-term occupancy stability. The location is also positioned minutes from Route 1, providing access to Lewes, Rehoboth Beach, and the greater coastal Delaware region, while retaining Milton’s historic charm. Continued public and private investment throughout downtown Milton enhances the long-term upside of this location.
Key Highlights
Fully leased medical office park with long‑standing tenants, providing immediate income.
Located in Sussex County, one of the fastest‑growing markets on the East Coast, ensuring long‑term value.
Includes a pad site for a future +/-3,264 SF office building, offering expansion potential.
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Current Use
Ocean Medical Imaging ...Medical ClinicOcean Medical Imaging ...PhysicianJonathan Patterson, MDPhysicianUrology Associates of DelawareMedical ClinicMelvin MorsePediatrician
Suggested Use
Top PickBuilding SupplyAuto Repair ShopHair SalonParking Lot & GarageLaw FirmRestaurant
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
176
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate%for Office in South region
14.4%2019
16.4%2020
17.3%2021
18%2022
18.6%2023
20.3%2024
20.2%2025
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Medical Office Space - Fully leased medical office park with expansion potential in Milton, DE.
Where is this medical office space located?
The property is located at 611 Federal Street Milton, DE.
What is the asking price?
The asking price for this property is $3,975,000.
What are key features of this property?
This property features: Fully leased medical office park with long‑standing tenants, providing immediate income.; Located in Sussex County, one of the fastest‑growing markets on the East Coast, ensuring long‑term value.; Includes a pad site for a future +/-3,264 SF office building, offering expansion potential.
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New: 350 Mission StJust listed · $36/SF · 2 min ago