BILLBOARD Route 1 Milford, DE
$ 498,175
Property Attributes
  • MLS#DEKT245718
  • TypeCommercial
  • CountyKENT
  • CityMilford
  • AreaMilford
  • Zip19963
  • Style
  • Price$ 498,175
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage800
Listing Provided Courtesy Of:
Data Source:
Bright MLS
Property Description

Great income producing billboard at the highly desirable intersection of Route 1 & Route 113 in Milford. Long term lease to Clear Channel Outdoor, currently in the 6th year of a 10 year lease, and tenant has been a 30+ year tenant. Ownership transfer will be a perpetual easement. Price is based on 7% return for the projected 2022 income. Buyer must cooperate with Seller's 1031 exchange.

Price History
1/13/2021 Listed $498,175

General Features

Accessibility None
Association Fee 0.00
Business Type Other
Construction Materials Other
Cool Fuel None
Cooling None
County KENT
Days on Market 89
Electric Expense 0.00
Heating None
Historic Y/N No
Location Type Highway
MLS Area Milford (30805)
New Construction No
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 622.72
Property SubType Special Purpose
Property Type Commercial Sale
Property Use Investment
Sewer No Septic System
Tax Annual Amount 0.0
Tax Year 2021
Trash Expense 0.00
Vacation Rental Y/N No
View City, Street, Other
Water Access Y/N No
Zoning Description Town Codes

Interior Features

Central Air Y/N No
Heating Fuel None
Hot Water None

Exterior Features

Building Area Total 800.00
Lot Size Acres 0.00
Lot Size Source Estimated
Lot Size Square Feet 0.00
Navigable Water Y/N No
Type of Parking None
Water Oriented Y/N No
Water Source None
Water View Y/N No
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19963

AVG $580K
AVG 92
AVG 45
Data Provided by Walkscore ® not using MLS data

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