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$1,000,000

0 Beds 0 Baths 17,870 SQFT

11 Church Avenue
Milford, DE 19963

Terry Collins Photo
Terry Collins
Welcome Home Realty
Realtor
302.632.7133
Presented by: SVN/Miller Commercial Real Estate

Property Description 

Waterfront! Exciting adaptive reuse opportunity of a former historic firehouse with a variety of options available. The potential highest and best use could be to transform into much needed apartments, or into a mixed-use project with office or retail on the first-floor apartments above. The exterior has been well preserved as seen in the photos. The building is located in the downtown core of Milford, DE just north of the rapidly expanding Delaware beach market, and is also alongside the Mispillion River. The building’s interior is in a shell condition with vaulted ceilings in a portion of it. This is within the Federal Opportunity Zone and also qualifies for several other programs including the historic district credits, National Historic Preservation, and the City of Milford Downtown Development District grants & credits. Grants and credits, not including the opportunity zone benefits, could total hundreds of thousands of dollars. Potential density is for first floor retail/office and 14 apartments above, or no mixed-use and 14 larger sized apartments. Unique opportunity – Adaptive reuse of a historic waterfront firehouse Ample grants & tax credits available ($100’s K) Apartment demand is high Short distance to Delaware beach market


Interior Features 

Other Interior Features

Central Air Y/NNo
Heating FuelOther
Heating Y/NYes
Hot WaterOther

General

AccessibilityElevator
Business TypeApartment Building, Professional, Other/General Retail, Institutional
Construction MaterialsBrick
Cool FuelOther
CoolingOther
CountyKENT
Days on Market165
HeatingOther
Legal SubdivisionNO DATA
Lot Size Square Feet13504.00
MLS AreaMilford (30805)
New ConstructionNo
OwnershipFee Simple
PossessionSettlement
Property SubTypeMixed Use
Property TypeCommercial Sale
SewerPublic Sewer
Tax Annual Amount8545.0
Tax Lot6900-000
Tax Year2021
Total Units0
Vacation Rental Y/NNo
Water Access Y/NNo
ZoningC2

Exterior

Building Area Total0.00
Car Parking Spaces11
Lot Dimensions120.00 x 218.00
Lot Size Acres0.31
Lot Size SourceAssessor
Navigable Water Y/NNo
Total Parking Spaces13
Type of ParkingParking Lot
Water Body TypeRiver
Water Oriented Y/NYes
Water SourcePublic
Water View Y/NNo
Waterfront Y/NYes

Additional Details

Price History

Schools 

High School N/A
Elementary School N/A
Middle School N/A

  

Similar Properties

$1,000,000

0 Beds 0 Baths 17,870 SQFT

11 Church Avenue
Milford, DE 19963

Terry Collins Photo
Terry Collins
Welcome Home Realty
Realtor
302.632.7133