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Two-Building Retail and Industrial Property

719 S Dupont Boulevard Milford, DE 19963

719 S Dupont Boulevard, Milford, DE, 19963
$625,000
For Sale
Claim this Listing
$625,000

Two buildings with direct frontage and on-site parking support retail, office, and light industrial or storage uses.

Property Size2,208 SF
Price / SF$283.06
AddedJun 7, 2025
Days on Market405
Last RefreshJul 16 at 7:40 am

Property Features for 719 S Dupont Boulevard

General Information

Standard status
Active
Size
2,208 SF
Property subtype
Retail

Building Details

Year Built
1954

Listing office R&R Commercial Realty

Listing date Jun 7, 2025

Source Xome

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 R&R Commercial Realty


Investment Insights

Based on property information with market context.

The property consists of two versatile buildings totaling a little over 4,400 square feet. The front building includes about 2,200 square feet of space suited for retail, office, or service-oriented operations. The rear building adds another approximately 2,200 square feet and can support storage, light industrial use, or business expansion. The site includes a sizable lot and ample parking for customer and employee access.

The buildings are positioned on heavily trafficked S Dupont Boulevard (US-113) in Milford, Delaware, with direct road frontage that supports visibility for in-person businesses. The property is located minutes from Route 1 and downtown Milford, which may help support access for both staff and customers.

Offered for sale as a C-3 zoned property, this setup is well suited to an owner-user seeking exposure along US-113 with separate space options for front-of-house use and back-of-house storage or light industrial needs. It may also appeal to investors looking for a flexible two-building configuration that can accommodate multiple operational approaches, depending on their specific tenant or use plans.

Key Highlights

  • Two commercial buildings totaling 4,408+ SF with direct road frontage on S Dupont Blvd (US‑113)
  • Front building offers 2,208 SF suitable for retail, office, or service‑oriented businesses
  • Rear building provides 2,200 SF for storage, light industrial use, or business expansion

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $56.7k $25.68
− Vacancy −$10.5k −$4.75
EGI $46.2k $20.93
− OpEx −$11.6k −$5.23
NOI $34.7k $15.70
2,208 SF · lease $25.68/SF/yr · vacancy 18.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$495.1K
$433.2K – $577.7K (±1% cap)
NOI $34,659 @ 7.0% cap · market cap 5.55%
Second Best
Retail
$282.8K
$247.4K – $329.9K (±1% cap)
NOI $19,794 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$606.8K
$530.9K – $707.9K (±1% cap)
NOI $42,473 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Real Estate Agency Restaurant Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Dental Office Storage Facility Hair Salon Pharmacy Furniture & Home Goods

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - Two buildings with direct frontage and on-site parking support retail, office, and light industrial or storage uses.
Where is this retail space located?
The property is located at 719 S Dupont Boulevard Milford, DE.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two commercial buildings totaling 4,408+ SF with direct road frontage on S Dupont Blvd (US‑113); Front building offers 2,208 SF suitable for retail, office, or service‑oriented businesses; Rear building provides 2,200 SF for storage, light industrial use, or business expansion
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