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$1,650,000 7 Marshall Street Milford, DE

MLS: DESU2026934   Type:   County: Sussex   City: Milford   Area: Cedar Creek Hundred   Zip: 19963   Style: Auto Related,Manufacturing,Parking Lot,Storage,War     Taxes: $3,476

Mortgage $7,746 /mo



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Historically known as "The Spoon Mill" along the Riverwalk in Downtown Milford. This mixed use industrial and residential property offers income with 7 tenants in the warehouse/office spaces, a lease with T-Mobile cell tower, 2 residential single family home tenants, and vacant land that has potential to expand the flex space or build townhomes. A synopsis of the property can be provided showing current rents and expenses. There will be approx. 7,000 SF of warehouse and office space available that is occupied by the owner. Approx. 21,000 SF of warehouse and office space, two homes sits on a total of 2 acres that stretched the entire block on the Marshall St/River side of the property. Sales includes 4 parcels total (330-7.17-48.00, 49.00, 67.00, & 68.01)

Elementary School

Middle School

High School

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Price History

8/8/2022 Listed $1,650,000

Acceptable Financing Cash, Conventional
Accessibility None
Association Recreation Fee N
Body of Water Mispillion River
Business Type Auto Related, Manufacturing, Parking Lot, Storage, Warehouse
Construction Materials Metal Siding
Cool Fuel Other
Cooling Other
Days on Market 207
Electric 200+ Amp Service, 3 Phases
Heating Other
Historic Y/N N
Location Type Downtown
Lot Size Square Feet 87120.00
MLS Area Cedar Creek Hundred (31004)
New Construction N
Percent Ownership Fee Simple
Possession 31-60 Days CD
Possible Use Commercial, Development, Flex Space, Industrial, Investment, Mini-Storage, Multi-Family, Residential, Special Purpose, Storage Yard
Price Per Sq Ft 78.57
Property Condition Very Good
Property SubType Mixed Use
Property Type Commercial Sale
Property Use Investment
Roof Asphalt, Metal
Sewer Public Sewer
Sussex DE Quadrants Between Rt 1 & 113
Tax Annual Amount 3476.0
Tax Year 2021
Total Units 0
Utilities Electric Available, Sewer Available
Vacation Rental Y/N N
Water Access Y/N N
Waterfront Y/N N
Year Built 1940
Zoning I1/R2
Zoning Description Town Codes

Interior Features

Central Air Y/N N
Clear Span Ceiling Height 10' to 12', 12' to 15'
Flooring Concrete
Heating Fuel Other
Heating Y/N Y
Hot Water Electric

Exterior Features

Building Area Total 21000.00
Car Parking Spaces 20
Fencing Y/n Y
Lot Dimensions 0.00 x 0.00
Lot Features Additional Lot(s), Corner
Lot Size Acres 2.00
Lot Size Source Estimated
Navigable Water Y/N N
Parking Features Private
Road Responsibility City/County
Road Surface Type Paved
Total Parking Spaces 30
Type of Parking Driveway, Private Garage
Water Body Type River
Water Oriented Y/N Y
Water Source Public
Water View Y/N N

Property Schools

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Gallery (25 photos)

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Property vs Zip Code Avg (19963)

Price 1.65M Avg 688K

Sqr Feet 21,000 Avg 2,137

Cost / Sqr Ft $79 Avg $322

Taxes $3,476 Avg $1,203

Acres 2 Avg 9.48

Visits 335 Avg 317

Days on Site 416 Avg 294

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