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    616 Mulberry St Milton, DE 19968

    For Lease
    $22 SF/Yr ($7,700 /Mo)

    4,200 SF Medical Office - Available Now

    Lot size:
    4,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional single-tenant medical office building, located at 616 Mulberry Street in Milton, Delaware, presents a fantastic opportunity for healthcare professionals. The property boasts a total of 4,200 square feet, all currently vacant and ready for immediate occupancy. Built in 1992 and renovated in 2004, the building is well-maintained and offers a functional layout ideal for a variety of medical practices. Situated on a single story, the building's accessibility is a key advantage. The property is zoned TN and features a convenient location near RT 16, ensuring high visibility and easy access for patients and staff. The APN is 235-14.00-566.00. This is a rare opportunity to secure a fully functional, ready-to-occupy medical office space in a desirable location within the thriving Milton community. The entire 4,200 square feet is available for lease, providing ample space for a growing practice or a new venture. The building's single-tenant occupancy ensures privacy and control over the space. Don't miss this chance to establish your practice in this well-located and well-maintained property. The property is located in the Clipper Square area of Milton, DE, zip code 19968.

    Property Features for 616 Mulberry St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,200 SF
    Total Rate
    7700

    Building Details

    Year Built/Renovated
    1992/2004
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    4,200 SF
    Rate per SF
    $22

    HighLights

    • 4,200 SF single‑tenant medical office building in Milton, DE.
    • Located at 616 Mulberry Street, near RT 16.
    • Currently vacant and ready for immediate occupancy.
    • Built in 1992, renovated in 2004; single‑story with easy accessibility.
    • Zoned TN; Tax ID: 235‑14.00‑566.00.
    • Lease rate: $22/SF + $3.50/SF CAM.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Sussex
    State
    Delaware
    Longitude
    -75.319053099305
    Latitude
    38.786925448263

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    FAQs

    What type of property is this?
    Medical office - 4,200 SF Medical Office - Available Now
    Where is this medical office located?
    The property is located at 616 Mulberry St Milton, DE.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 4,200 SF single-tenant medical office building in Milton, DE.; Located at 616 Mulberry Street, near RT 16.; Currently vacant and ready for immediate occupancy.
    Request Owner's contact information
    616 Mulberry St Milton, DE 19968
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    616 Mulberry St Milton, DE 19968
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