200 Broadkill Rd Milton, DE 19968
- Commercial real estate
- 1.57 lot acres
Current Use by Public Records
- Avery Hall Insurance Group / Business To Business Service / Insurance Broker
- Beaches Seafood / Seafood Restaurant / American Restaurant
- Coastal Concrete Works LLC / Construction Company
Property Details for 200 Broadkill Rd
- Lot size
- 1.57 lot acres
- Zone code
- TN
- Property type
- Commercial real estate
- APN
- 235-14.15-70.00
- APU
- 23514157000
Description
Exceptional investment opportunity in Milton, Delaware, featuring a lucrative mix of income-producing assets. This well-maintained complex comprises a 13,400 square foot self-storage facility with 97 units boasting 95-100% occupancy, generating consistent cash flow. A thriving car wash complements the self-storage, adding another layer of diversified income. Further enhancing the investment potential is a fully leased 6,312 square foot commercial building housing office and restaurant spaces. The entire complex sits on two parcels and totals between 20,000 and 25,000 square feet. The property benefits from a prime location, recently bolstered by the town's approval of a new 3,000-home development, indicating strong local economic growth. This presents a unique opportunity for investors seeking a stable, high-return portfolio addition. The asking price is $5,700,000, with a price per unit of $57,000 for the self-storage component. Detailed financials are available upon request with a signed NDA. Note that the square footage listed does not include the car wash.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Milton
- County
- Sussex
- State
- Delaware
- Longitude
- -75.3129
- Latitude
- 38.7887
- CBSA code
- 41540
- CBSA name
- SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
