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10 S Walnut St 4,338 SF Vacant Retail Building Milford, DE 19963 $689,000 ($158.83/SF)
Investment Highlights
- Centrally positioned within Milford’s historic downtown business district.
- Located on Walnut Street with prominent street frontage and visibility.
- Convenient regional access via U.S. Route 113 and proximity to major coastal destinations.
- Two-story, mixed-use building constructed with classic architectural details.
- Walkable to local shops, dining, and community amenities along the Mispillion River.
- Supported by ongoing revitalization efforts and strong local business engagement.
Executive Summary
10 S Walnut Street offers a unique opportunity to acquire a historic mixed-use property in the heart of downtown Milford, Delaware. This two-story building, constructed in 1885, combines classic architectural character with a prime location along a well-traveled commercial corridor. Fronting Walnut Street, the property benefits from excellent visibility and walkability, attracting consistent pedestrian traffic and serving as a hub for local businesses and community activity.
Milford acts as a strategic midpoint between Dover and Georgetown along U.S. Route 113, providing convenient access to major highways and regional markets. Nearby coastal destinations including Rehoboth Beach and Lewes are within a 30–40 minute drive, further enhancing the property’s appeal to visitors and residents. The surrounding district continues to see revitalization efforts, fostering growth through targeted investments, small business development, and event programming.
The property is ideally suited for various uses, including retail, office, or creative workspace, offering future owners both flexibility and income diversification. With its mixed-use zoning and proximity to amenities, 10 S Walnut Street stands out as an attractive asset in a growing and dynamic downtown environment.
Milford acts as a strategic midpoint between Dover and Georgetown along U.S. Route 113, providing convenient access to major highways and regional markets. Nearby coastal destinations including Rehoboth Beach and Lewes are within a 30–40 minute drive, further enhancing the property’s appeal to visitors and residents. The surrounding district continues to see revitalization efforts, fostering growth through targeted investments, small business development, and event programming.
The property is ideally suited for various uses, including retail, office, or creative workspace, offering future owners both flexibility and income diversification. With its mixed-use zoning and proximity to amenities, 10 S Walnut Street stands out as an attractive asset in a growing and dynamic downtown environment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,338 SF
Building Class
C
Year Built
1885
Price
$689,000
Price Per SF
$158.83
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.65
Lot Size
0.06 AC
Zoning
TN - Neighborhood Township Zoning
Frontage
110’ on S Walnut St
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 130-01.20-69.00 | Improvements Assessment | $14,800 |
| Land Assessment | $1,550 | Total Assessment | $16,350 |
Property Taxes
Parcel Number
130-01.20-69.00
Land Assessment
$1,550
Improvements Assessment
$14,800
Total Assessment
$16,350
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10 S Walnut St
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