909 Walnut St Milford, DE 19963-1235
This exceptional mixed-use property, situated on over 1.11 acres in Milford, Delaware, presents a unique investment opportunity. Boasting significant road frontage on both Rehoboth Boulevard and North Walnut Street – two high-traffic thoroughfares – this C-3 zoned property offers substantial potential. Currently, the site includes a 1,830 square foot shop, a three-bedroom, one-and-a-half-bathroom single-family home, a two-car garage with walk-up storage, and additional storage sheds. This diverse configuration generates multiple income streams or allows for immediate occupancy while development plans are finalized. A conceptual site plan for a four-unit commercial center with 35 parking spaces is available for qualified buyers, showcasing the property's significant expansion potential. The 3,589 square foot total building area, combined with the ample land and prime location, makes this an ideal property for a variety of commercial ventures. The high visibility and convenient access to major roadways ensure strong potential for business growth and profitability. This is a rare opportunity to acquire a versatile property with immediate income and significant long-term development potential in a thriving Delaware community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C3 · Milford, DEMilford. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.