198 Mullet Run St

$1,500,000

198 Mullet Run St, Milford, De 19963

For Sale

Commercial

Active

Last Updated: 02/08/2025

Details:

Building Size: 9,600 sqft

Year Built: 2001

Price Per Sqft: $156.25

Zoning: BP

Roof: Metal

Offered by Realtor

Nikhil Patel

Team Lead Agent & Director of Commercial

Keller Williams Realty Central Delaware

#RS-0022350

Request Info to Unlock

Highlights:

Days on Market: 33
Parking Features: Fenced, Paved Parking
Heating: Heat Pump - Gas BackUp

Description:

Prime Investment Opportunity: 2-Acre Secure Commercial Property with Reliable Income. This 2-acre property in Kent County is a solid investment opportunity, featuring Business Park (BP) zoning and a secure, fenced perimeter with gated vehicle access. Minimal maintenance needs make this a hassle-free asset for investors seeking immediate returns. The larger 7,200 sq ft (60x120) single-story metal building is fully leased under a gross lease, providing steady rental income with a long-term tenant. The additional 2,400 sq ft (40x60) single-story metal building is currently owner-occupied and framed, offering flexibility for future leasing or customization. The property owner has already commissioned site plans to establish independent utilities for this building, improving its usability and appeal to prospective tenants. The current tenant has also expressed interest in expanding operations into this space, increasing potential cash flow. This property delivers a compelling mix of stable income and growth potential. Contact us today for more information or to arrange a showing.