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    423 N Broad Street

    MIDDLETOWN, DE 19709
    • $1,195,000
    • STATUS: Active
    • ON SITE: 54 days
    • ID#: DENC510844
    UPDATED: 48 min ago
    $1,195,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1919
    County:

    School Ratings & Info

    School District:

    Description

    93% occupied retail building with a history of successful tenants since renovation in 1997. Building was originally built in 1919 for the New Century Club. 6 units 5 are occupied. 3 coming vacant in February of 2021. 2019 NOI $104,000 with a Cap Rate of 8.7%

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Coast & Country. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-12-01T17:51:55.123.
    www.remaxcoastandcountryeasternshore.com/homes/110791771
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    423 N Broad Street MIDDLETOWN, DE 19709

    • Price: $1,195,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: DENC510844
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    1919
    Built
    Neighborhood:
    South Of The Canal (30907)
    County:
    New Castle
    Area:
    South Of The Canal (30907)
    School District:
    Appoquinimink
    Property Description
    93% occupied retail building with a history of successful tenants since renovation in 1997. Building was originally built in 1919 for the New Century Club. 6 units 5 are occupied. 3 coming vacant in February of 2021. 2019 NOI $104,000 with a Cap Rate of 8.7%
    Exterior Features

    Construction Materials BrickFrame Door Features Insulated Garage YN No Location Type Downtown Parking Features PrivatePublicPaved ParkingLighted ParkingHandicap ParkingFenced Parking Types Parking LotOn StreetOff Site Property Condition Average Riparian Rights YN No Road Responsibility State Road Surface Type Black Top Roof Asphalt Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 10050.00 Cooling Central A/C Flooring HardwoodStoneCarpet Heating 90% Forced Air Heating YN Yes Net Square Feet 10050.00

    Property Features

    Acceptable Financing ConventionalPrivateSeller Financing Accessibility Features ChairliftElevator Annual Gross Expense 68223.00 Assessment Year 2020 Association YN No Building Name Fine Shops At Christophr Business Type Hair Salon And SpaProfessionalRestaurant/BarOther Central Air YN Yes Cooling Fuel Electric Cross Street Shall Cross Electric 440 Volts Electric Average Monthly 2000 Electric Last12 Months 24000.00 Elevators 1 Entry Level 2 Foundation Details BlockSlab Gross Income 172324.00 Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Internet Services Cable Lease Considered YN Yes Navigable Water YN N Net Operating Income 104101.00 New Construction YN No Number Of Units Total 6 Operating Expense 68223.00 Operating Expense Includes InsuranceHeating/CoolingElectricLandscapingManagement FeesParkingRepair/MaintenanceSewerSnow RemovalTrashWaterOther Original MLSNumber 304339018961 Owner Pays InsuranceTaxes - Real EstateReserves For ReplacementRepairsLawn/Shrub CareSewer MaintenanceSnow Removal Ownership Interest Fee Simple Possession Immediate Property Sub Type Retail Sale Type Standard Sewer Holding TankPublic Sewer Tax Annual Amount 8962.00 Tax Assessment Amount 273900.00 Tax Lot 062 Total Actual Rent 136711.00 Utilities Cable TvPhoneWater AvailableSewer AvailableNatural Gas AvailableElectric Available Vacation Rental YN No Water Source Public Year Built Effective 1997 Zoning 23C-2

    Listing courtesy of Exp Realty, Llc.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Coast & Country. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-12-01T17:51:55.123.
     
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