198 Mullet Run St, Milford, De 19963
$1,500,000 Prime Investment Opportunity: 2-Acre Secure Commercial Property with Reliable Income. This 2-acre property in Kent County is a solid investment opportunity, featuring Business Park (BP) zoning and a secure, fenced perimeter with gated vehicle access. Minimal maintenance needs make this a hassle-free asset for investors seeking immediate returns. The larger 7,200 sq ft (60x120) single-story metal building is fully leased under a gross lease, providing steady rental income with a long-term tenant. The additional 2,400 sq ft (40x60) single-story metal building is currently owner-occupied and framed, offering flexibility for future leasing or customization. The property owner has already commissioned site plans to establish independent utilities for this building, improving its usability and appeal to prospective tenants. The current tenant has also expressed interest in expanding operations into this space, increasing potential cash flow. This property delivers a compelling mix of stable income and growth potential. Contact us today for more information or to arrange a showing.
Contact Jack Lingo
Essentials
MLS Number
Dekt2033012
List Price
$1,500,000
Standard Status
Active
Year Built
2001
New Construction
N
Property Type
Commercial Sale
Waterfront
N
Location
Address
198 Mullet Run St, Milford, De
Acres
0.00
Interior
Heating
Heat Pump - Gas Backup
Heating Fuel
Natural Gas
Cooling
Central A/c
Hot Water
None
Flooring
Concrete, carpet
Interior Features
Appliances
Additional Information
Listing courtesy of Keller Williams Realty Central-delaware.