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103 W Pine St , Georgetown, DE 19947
$399,000
Est. Payment: $2,182.06/mo
2000 Sqft
0.37 Acres
Status: active | Days on site: 36
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PSREAREH - 3258398
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

2 story farmhouse in excellent condition, currently used as a professional office space with 5 offices, one full bathroom, one half bathroom, a conference room and full kitchen with new lease producing $39k per year in income. Zoned UR 1 in the town limits of Georgetown with conditional use approval. Currently leased for one more year with a one year option to long term tenant. Tenant pays all utilities. Landlord pays Insurance and Taxes. 10% Cap rate. ADA accessible. Baseboard radiator with furnace and mini splits for heat. Central AC with two outdoor units just purchased in 2021. Older building with many updates to include floors, roof, HVAC and windows. Currently parking for 6 vehicles with storage garage and plenty of room to grow. Could be a residence with a little work. Terrific location one block off the circle in Georgetown.
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Highlights

Listed by JOHN RISHKO , 3023812504 Patterson-Schwartz-Rehoboth , 3027036987. Bright MLS

Property Type

Commercial Sale
Lot/Acreage
0.37

Year Built

1792

County

Sussex

Area

Georgetown Hundred (31006)

 Neighborhood

None Available

 School District

Indian River

Listing ID

DESU2121280

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Interior Features

Air Cond:Central A/C
Fireplaces:
Floor:Hardwood
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Lot Dimensions:128 x 132
Garage Capacity:6
Zoning:TN
Roof:Architectural Shingle
Others:
  • ▪ Additional:Very Good
Sewer:Public Sewer
Parking Features:Paved Parking,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$2,182
Taxes
$83

Home Price

$399,000

Loan Details

30 yrs
7.271%

Down Payment

20%
$79,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,182.06

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,182.06 $83.33 $0.00 $2,265.39
Yearly $26,184.66 $1,000.00 $0.00 $27,184.66
Total $785,539.85 $30,000.00 $0.00 $815,539.85
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Georgetown, DE).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T17:14:43.000Z

© 2026 Bright MLS