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11 Church Avenue

MILFORD, DE 19963
  • $1,000,000
  • STATUS: Active
  • ON SITE: 80 Days
  • ID#: DEKT2001152
$1,000,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1924
County:

School Ratings & Info

School District:

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 firehouseAmple grants & tax credits available ($100's K)Apartment demand is highShort distance to Delaware beach market

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows and Associates | Ocean Atlantic Sotheby's International Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-10-24T23:49:57.707.
www.barrowsandassociates.com/homes/120098701
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11 Church Avenue MILFORD, DE 19963

  • Price: $1,000,000
  • Status: Active
  • ID#: DEKT2001152
0
Beds
0
Baths
0
½ Baths
0.31
Acres
1924
Built
Neighborhood:
Milford (30805)
County:
Kent
Area:
Milford (30805)
School District:
Milford
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 firehouseAmple grants & tax credits available ($100's K)Apartment demand is highShort distance to Delaware beach market
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Body Type River Water Oriented YN Yes Water View YN No Waterfront YN Yes

Interior Features

Building Area Total 0.00 Cooling Other Heating Other Heating YN Yes Net Square Feet 17870.00

Property Features

Accessibility Features Elevator Assessment Year 2021 Association YN No Business Type Apartment BuildingProfessionalOther/General RetailInstitutional Central Air YN No Cooling Fuel Other Heating Fuel Other Hot Water Other Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 800870188560 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 8545.00 Tax Assessment Amount 382500.00 Tax Lot 6900-000 Vacation Rental YN No Water Source Public Zoning C2

Listing courtesy of Svn/Miller Commercial Real Estate.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows and Associates | Ocean Atlantic Sotheby's International Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-10-24T23:49:57.707.
 
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Barrows and Associates | Ocean Atlantic Sotheby's International Realty
18949 Coastal Highway Suite 304
Rehoboth Beach DE, 19971