Mixed-Use Building in Historic
Delaware City, DE 19706 Delaware City, DE 19706
Delaware City, DE, 19706
$570,000
For Sale
$570,000
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 Market174
Property Features
General Information
- Standard status
- Active
- Size
- 4,096 SF
- Lot size
- 0.11 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2002
Listing Agency
(302) 414-1000
Listed by
Sean McNeice
(302) 414-1000
Source
Corfac
Added: Jan 26 Checked: Jul 19 at 2:43 am
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.
Local Financial Insights For Mixed Use
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 | $77.7k | $18.96 |
| − Vacancy | −$10.9k | −$2.65 |
| EGI | $66.8k | $16.31 |
| − OpEx | −$25.0k | −$6.11 |
| NOI | $41.7k | $10.19 |
4,096 SF · lease $18.96/SF/yr · vacancy 14.00% · expense 37.50%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
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.
