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Listing Details

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Description

For sale is the property at 10 E Commerce St. Smyrna, DE 19977 for $300,000. 10 E Commerce is a brick multi-use property located in the heart of downtown Smyrna within easy walking distance of restaurants, a library, shopping, and more. On the second floor is a long-term tenant in a 3 bedroom, 1 bathroom apartment. The first floor is fitted out as 1,675 +/- sqft of professional office but has potential for conversion to 2 residential units. Recent renovations include updated windows, doors, and a new HVAC system. At current market office space lease rates, the property has the potential of being an 11% cap rate. The property has easy access to all parts of the state.

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©2021 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 The Allison Stine Team with Northrop Realty a Long and Foster Company. 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: 2021-09-16T16:56:59.363.
www.allisonstineteam.com/homes/113983166
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10 E Commerce Street SMYRNA, DE 19977

  • Price: $300,000
  • Status: Active
  • Updated: 62 min ago
  • ID#: DEKT246276
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1990
Built
Neighborhood:
Smyrna (30801)
County:
Kent
Area:
Smyrna (30801)
School District:
Smyrna
Property Description
For sale is the property at 10 E Commerce St. Smyrna, DE 19977 for $300,000. 10 E Commerce is a brick multi-use property located in the heart of downtown Smyrna within easy walking distance of restaurants, a library, shopping, and more. On the second floor is a long-term tenant in a 3 bedroom, 1 bathroom apartment. The first floor is fitted out as 1,675 +/- sqft of professional office but has potential for conversion to 2 residential units. Recent renovations include updated windows, doors, and a new HVAC system. At current market office space lease rates, the property has the potential of being an 11% cap rate. The property has easy access to all parts of the state.
Exterior Features

Construction Materials Brick Garage YN No Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling Central A/C Heating Central Heating YN Yes Net Square Feet 3300.00

Property Features

Accessibility Features None Assessment Year 2020 Association YN No Business Type Apartment BuildingHair Salon And SpaHotel/MotelMedicalOther/General RetailProfessionalRestaurant/BarOther Central Air YN Yes Cooling Fuel Natural Gas Heating Fuel Natural Gas Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304468330515 Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 1681.00 Tax Assessment Amount 65400.00 Tax Lot 3800-000 Vacation Rental YN No Water Source Public Zoning Cc

Listing courtesy of The Moving Experience Delaware Inc.


©2021 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 The Allison Stine Team with Northrop Realty a Long and Foster Company. 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: 2021-09-16T16:56:59.363.
 
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The Allison Stine Team with Northrop Realty a Long and Foster Company
37077 Coastal Highway
Fenwick Island DE, 19944