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sales rep | Brivity IDX

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1120 S Central Ave , Laurel, DE 19956
$1,299,000
Est. Payment: $7,103.98/mo
7006 Sqft
4.4 Acres
Status: active | Days on site: 470
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123MCR - 3264732
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House Description

Investment Opportunity in Laurel, DE. This 7,006 SF free-standing commercial building sits on 4.4 acres along Laurel, DE's main corridor, offering high visibility, multiple points of ingress and egress, plentiful parking and additional land for development or expansion. The building on site was a very well performing Rite-Aid Pharmacy that was in operation for many years. With a wide-open floor plan, and a small warehouse and office space in the rear of the building, the property is very versatile for varying uses. A new roof (less than 5 years old) and brand new HVAC systems (about 1 year old) demonstrate that this property has been well maintained over the years. C-B zoning provides excellent flexibility for retail, office, medical, or service-oriented businesses, making this an ideal property for investors or owner-occupants.

Highlights

Listed by Meredith M. Mears , 4439444464 SVN/Miller Commercial Real Estate , 4105432440. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
4.4

Year Built

1978

County

Sussex

Area

Little Creek Hundred (31010)

School District

Laurel

Listing ID

DESU2090982

Questions about this listing?

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Interior Features

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

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Lot Dimensions:0.00 x 0.00
Garage Capacity:40
Zoning:A wide range of permitted uses including daycare centers, restaurants, coffee shops, medical clinics, grocery stores, and more.
Others:
  • ▪ Additional:Good
Sewer:Public Sewer
Parking Features:Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$7,104
Taxes
$145

Home Price

$1,299,000

Loan Details

30 yrs
7.271%

Down Payment

20%
$259,800
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:
$7,103.98

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,103.98 $145.33 $0.00 $7,249.32
Yearly $85,247.81 $1,744.00 $0.00 $86,991.81
Total $2,557,434.25 $52,320.00 $0.00 $2,609,754.25
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Laurel, 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: 2026-11-13T19:09:10.000Z

© 2026 Bright MLS