Welcome to 119 Federal St in the heart of Milton, Delaware. This spacious 4-bedroom home offers approximately 3,437 square feet of living space on a generous lot, blending small-town charm with room to grow. Inside, the home provides a flexible layout with multiple living areas, abundant natural light, and the opportunity to customize each space to fit your lifestyle. The unfinished basement adds valuable storage and future potential, while the sizeable yard offers space for outdoor living, gardening, entertaining, or expansion. The zoning allows property owners to operate light commercial or business operations on the main ground level while maintaining a residential living space upstairs. Located along historic Federal Street, this property places you close to the best of Milton, including local dining, shops, parks, the Milton Theatre, and nearby access to coastal Delaware attractions. Enjoy the character of an established in-town setting with convenient access to Route 1, Lewes, Rehoboth Beach, and Broadkill Beach. Whether you are looking for a primary residence, coastal retreat, or investment opportunity, 119 Federal St offers space, location, and potential in one of Sussex County’s most beloved towns. This property qualifies for renovation loans and may qualify for two key historic preservation incentives. The Historic Preservation Tax Credit Program provides state income tax credits of up to 30% for rehabilitating certified historic properties, while the Delaware Preservation Fund offers small grants for physical restoration or planning projects at historic properties. This property is also listed as a residential property under listing number: DESU2115428. Schedule your showing today and explore the possibilities.