112 Park Ave Milford, DE 19963

Property Details for 112 Park Ave

Year built

1953

Lot size

0.24 lot acres

Property size

5,500 SF

Property type

Commercial real estate

Description

This exceptional 5,500 sq ft commercial property in Milford, DE's central business district presents a unique investment opportunity. Situated on a 0.24-acre lot with Mispillion River views, this two-story building boasts a showroom, office space, storage rooms, a large drive-in garage, paint booth, and upstairs sewing room with additional storage. A separate entrance with its own electric meter provides extra space, ideal for a second business or leasing. The building features 16-inch ceiling beams, 20-foot ceilings, and a recently updated flat roof. A private parking lot complements the existing sidewalk access. The sale includes two parcels. The property's permitted uses are diverse, including but not limited to flower shop, restaurant, retail, barber shop, craft distillery, microbrewery, tavern, antique shop, and laundry. The City of Milford website offers a complete list of permitted uses. Additional public parking is available at a nearby shopping center. This location benefits from the "Downtown Development District" incentives, including rebates on construction costs, waived building permits and impact fees, and a stay of assessed value. The property is also located in a Federal Opportunity Zone. Milford, a city of over 10,000, offers a rich history, a growing downtown area, and proximity to beaches (30 minutes) and the Delaware Bay. The property's current use as an auto trim and accessories shop (operating for over 30 years) is easily transferable, or the space can be adapted to suit a variety of new ventures. Business, equipment, and inventory are not included but may be negotiated separately.

Location Insight

City

Milford

County

Kent

State

Delaware

Longitude

-75.4268

Latitude

38.9137