200 Broadkill RdMilton, DE 19968

Property Details for 200 Broadkill Rd

Lot size

1.57 AC

Zone code

TN

Property type

Other 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.

• Alternative Use

  Use

  Valuation

  Residential

  $22,042,058

  Hospitality

  $20,190,406

  Educational

  $16,798,180

  Medical

  $17,375,896

  Retail

  $26,130,504

Location Insight

City

Milton

County

Sussex

State

Delaware

Latitude

38.7887

Longitude

-75.3129

CBSA code

41540

CBSA name

SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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