118 Atlantic Avenue # 302/301 Ocean View, DE - Image 1118 Atlantic Avenue # 302/301 Ocean View, DE - Image 2118 Atlantic Avenue # 302/301 Ocean View, DE - Image 3118 Atlantic Avenue # 302/301 Ocean View, DE - Image 4118 Atlantic Avenue # 302/301 Ocean View, DE - Image 5118 Atlantic Avenue # 302/301 Ocean View, DE - Image 6118 Atlantic Avenue # 302/301 Ocean View, DE - Image 7118 Atlantic Avenue # 302/301 Ocean View, DE - Image 8118 Atlantic Avenue # 302/301 Ocean View, DE - Image 9

$649,000

0 Beds 0 Baths 4,000 SQFT

118 Atlantic Avenue # 302/301
Ocean View, DE 19970

Ulyana Dingler Photo
Ulyana Dingler
Welcome Home Realty
Realtor
Presented by: Coldwell Banker Resort Realty – Lewes

Property Description 

INVESTMENT OPPORTUNITY! 100% Leased, Long term multi-tenant office/medical. This unit (#302) and the adjacent unit (#301, tax ID: 134-12.0-425.00-6, similar sq ft.) are being sold together. 2 Units total. Low county and city taxes. Low condo fees. IRR: 10.2% CAP: 7.1% Well maintained commercial property housing two long term tenants with current lease agreements in place. Location Location Location!!!! Right in the middle of a busy business/retail/office district.


Interior Features 

Other Interior Features

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

General

Accessibility2+ Access Exits, Entry Slope <1', Level Entry - Main, Other
Building NameNONE AVAILABLE
Business TypeMedical, Professional
Construction MaterialsFrame, Aluminum Siding
Cool FuelOther
CoolingCentral A/C
CountySUSSEX
Days on Market242
HeatingForced Air
Historic Y/NNo
Legal SubdivisionBALTIMORE HUNDRED
MLS AreaBaltimore Hundred (31001)
New ConstructionNo
OwnershipCondominium
PossessionSubject to Existing Lease, 0-30 Days CD, Other
Price Per Sq Ft324.99
Property SubTypeOffice
Property TypeCommercial Sale
Property UseInvestment
PropertyConditionExcellent
RoofShingle
SewerPublic Sewer
Sussex DE QuadrantsBetween Rt 1 & 113
Tax Annual Amount761.0
Tax Year2021
Unit Number302/301
Vacation Rental Y/NNo
Water Access Y/NNo
ZoningTN

Exterior

Building Area Total1997.00
Car Parking Spaces30
Lot Dimensions0.00 x 0.00
Navigable Water Y/NNo
Parking FeaturesPaved Parking
Total Parking Spaces30
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Schools 

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

  

Similar Properties

$649,000

0 Beds 0 Baths 4,000 SQFT

118 Atlantic Avenue # 302/301
Ocean View, DE 19970

Ulyana Dingler Photo
Ulyana Dingler
Welcome Home Realty
Realtor