112 10Th St Laurel, DE 19956
This exceptional 2,000 square foot industrial property located at 112 W 10TH Street, Laurel, DE, presents a fantastic opportunity for businesses seeking a well-maintained and conveniently located space. Situated on a 0.39-acre lot, the building boasts a recently updated exterior, featuring new metal roofing, sidewalls, and a lean-to. Significant improvements have also been made to the infrastructure, including a new 200-amp electrical service complete with recessed lighting for optimal illumination. The property benefits from newly installed water and sewer lines running from the building directly to the street, ensuring reliable utility access. A convenient gravel parking lot is also included, providing ample space for vehicles and equipment. The property is zoned for Light Industrial use, specifically L-1, as detailed in the attached Town of Laurel Zoning Ordinance. This document provides a comprehensive list of permitted uses within this zoning classification. This turnkey industrial space offers a blend of modern upgrades and practical functionality, making it an ideal choice for a variety of businesses seeking a cost-effective and efficient workspace in a desirable location. The asking price is $299,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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