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sales rep | Brivity IDX

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112 Park Ave , Milford, DE 19963
$499,000
Est. Payment: $2,728.94/mo
5500 Sqft
0.24 Acres
Status: active | Days on site: 1707
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House Description

PRICE IMPROVEMENT! Bring Offers! Welcome to your downtown business opportunity in the central business district of Milford DE! Just under a quarter acre of commercial property with multiple permitted uses on the Mispillion River! Huge, clean, 2 story building with plenty of space for your business needs! Presently it has a showroom, office space, storage rooms, large drive in garage area, paint booth area, bathroom, and sewing room upstairs with more storage space. Then you have another section with separate entrance and electric that has plenty of open space and a bathroom. Have a separate business, utilize the extra space, or lease out the space for income! Sixteen inch beams on the ceiling, 20 feet of ceiling clearance, and a recently updated flat roof. Sidewalk in the front and private parking lot on the side included. Behind the building is the Mispillion River for nice water views and park views just across the River. Sale includes 2 parcels. Currently being operated as an Auto Trim and Accessories Shop that has been in business over 30 years! Business, equipment, and inventory not included in sale but could be negotiated separately. Continue with the current business type use that is in place or create your own business venture from one of the many permitted uses. A few ideas are flower shop, restaurant, retail, barber, Craft distillery and microbrewery, tavern, antique shop, laundry, and more. See the City of Milford Website for a complete list of uses and also included in the photos. Additional public parking is available at next door shopping center. Take advantage of the “Downtown Development District” opportunities for new businesses. Some of these opportunities include rebates on construction costs, building permit and impact fees waived, and stay of assessed value. Contact the city for more details. You are also in a Federal Opportunity Zone. The City of Milford has a population just over 10,000 and is a city split between Kent and Sussex Counties of Delaware. It is rich in history with ship building as a major industry in the early days, as the Mispillion River goes right to the Delaware Bay. Today you have a growing city with many businesses downtown, riverwalk area, dog park, public park, nature trail, kayak/boat launch, shopping centers, public library, and many annual town events including parades. Location is just 30 minutes to resort beaches and only a few miles to the shore along the Delaware Bay. Be sure to click the virtual tour link for a video tour! Have a business looking for more room or looking to start a business? Call today!

Highlights

Listed by Renee Edge , 3025355599 Iron Valley Real Estate at The Beach , 3025418787. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.24

Year Built

1953

County

Kent

Area

Milford (30805)

School District

Milford

Listing ID

DEKT2006694

Questions about this listing?

Contact Agent

Interior Features

Appliances:Negotiable
Air Cond:Window Unit(s)
Fireplaces:
Floor:Concrete,Wood
Water:Public

Exterior Features

Lot:Additional Lot(s),Stream/Creek,Not New Construction,Horse Property: No,Waterfront,In City Limits
Lot Dimensions:See in photos
Garage Capacity:6
Zoning:Central Business District - can visit zoning code at the city of Milford website for more details.
Roof:Flat
Others:
  • ▪ Additional:Very Good
Sewer:Public Sewer
Parking Features:Paved Parking,Private,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$2,729
Taxes
$150

Home Price

$499,000

Loan Details

30 yrs
7.271%

Down Payment

20%
$99,800
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:
$2,728.94

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,728.94 $150.08 $0.00 $2,879.02
Yearly $32,747.23 $1,801.00 $0.00 $34,548.23
Total $982,417.00 $54,030.00 $0.00 $1,036,447.00
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Milford, 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.

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Data last updated: 2026-11-13T21:11:33.000Z

© 2026 Bright MLS