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118 Atlantic Avenue , 302/301

OCEAN VIEW, DE 19970
  • $649,000
  • STATUS: Active
  • ON SITE: 149 Days
  • ID#: DESU183578
UPDATED: 54 min ago
$649,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2004
County:

School Ratings & Info

School District:

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.

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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: 2021-10-17T19:50:08.52.
www.barrowsandassociates.com/homes/117421046
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118 Atlantic Avenue , 302/301 OCEAN VIEW, DE 19970

  • Price: $649,000
  • Status: Active
  • Updated: 54 min ago
  • ID#: DESU183578
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2004
Built
Neighborhood:
Baltimore Hundred (31001)
County:
Sussex
Area:
Baltimore Hundred (31001)
School District:
Indian River
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.
Exterior Features

Construction Materials FrameAluminum Siding Garage YN No Parking Features Paved Parking Parking Types Parking Lot Property Condition Excellent Riparian Rights YN No Roof Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 1997.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 4000.00

Property Features

Accessibility Features 2+ Access ExitsEntry Slope <1'Level Entry - MainOther Assessment Year 2021 Association YN No Business Type MedicalProfessional Central Air YN Yes Cooling Fuel Other Heating Fuel Other Historic YN No Hot Water Other Lease Considered YN No Navigable Water YN N New Construction YN No Original MLSNumber 304617111379 Ownership Interest Condominium Possession Subject To Existing Lease0-30 Days CdOther Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 761.00 Tax Assessment Amount 19300.00 Total Actual Rent 69101.04 Vacation Rental YN No Water Source Public Zoning Tn

Listing courtesy of Coldwell Banker Resort Realty - Lewes.


©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: 2021-10-17T19:50:08.52.
 
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Barrows and Associates | Ocean Atlantic Sotheby's International Realty
18949 Coastal Highway Suite 304
Rehoboth Beach DE, 19971