Bought with Keith Walpole • R&R Commercial Realty
$600,000
$689,000
12.9%For more information regarding the value of a property, please contact us for a free consultation.
10 S WALNUT ST Milford, DE 19963
2,178 Sqft Lot
Key Details
Sold Price $600,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID DESU2111132
Sold Date 07/31/26
Year Built 1885
Annual Tax Amount $2,252
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 21.00 x 115.00
Property Sub-Type Retail
Source BRIGHT
Property Description
Turnkey, income-producing opportunity in the heart of Milford—ideal for an owner-user or investor seeking immediate cash flow with upside potential. The second floor is fully leased on a month-to-month basis and currently generating income.
The first floor offers exceptional flexibility: continue operating the existing ice cream shop for immediate revenue, rebrand with your own retail concept, or sell the existing business and equipment to a new operator while maintaining rental income from the space.
Positioned in a growing market with strong proximity to Delaware's beach destinations and expanding retirement communities, this property benefits from increasing year-round and seasonal traffic.
A rare opportunity to acquire a versatile commercial asset with multiple income strategies—perfect for entrepreneurs and investors alike.
Location
State DE
County Sussex
Area Cedar Creek Hundred (31004)
Zoning TN
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Equipment See Remarks
Heat Source Propane - Leased
Exterior
Garage Spaces 6.0
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 6
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Banneker
Middle Schools Mariner
High Schools Milford
School District Milford
Others
Tax ID 130-01.20-69.00
Ownership Fee Simple
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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