Bought with Jason Thomas Hoenen • Bryan Realty Group
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Key Details
Sold Price $825,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Island Development
MLS Listing ID DESU2080504
Sold Date 12/03/25
Year Built 1950
Lot Size 1.300 Acres
Acres 1.3
Lot Dimensions 0.00 x 0.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
High-yield mixed-use investment property adjacent to Seaford city limits. Public water & sewer are available if annexed into the City of Seaford. Four fully leased commercial units and six occupied mobile homes generate $12,950/mo ($155,400/yr), with six additional vacant trailer pad sites for expansion. Strong tenant history, minimal owner expenses, and separate electric meters make this a turnkey property with a 17%+ cap rate. A rare opportunity for investors seeking immediate cash flow with significant value-add potential!
Location
State DE
County Sussex
Area Seaford Hundred (31013)
Zoning C-1
Interior
Hot Water Electric
Heating Other
Cooling Window Unit(s)
Heat Source Other
Exterior
Garage Spaces 20.0
Water Access N
Accessibility 2+ Access Exits, Level Entry - Main
Total Parking Spaces 20
Garage N
Building
Sewer On Site Septic, Public Hook/Up Avail
Water Public Hook-up Available, Private
New Construction N
Schools
School District Seaford
Others
Tax ID 331-07.00-60.00
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Lease Purchase
Listing Terms Cash, Conventional, Lease Purchase
Financing Cash,Conventional,Lease Purchase
Special Listing Condition Standard
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