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109 N Bedford St 2,400 SF Office Building Georgetown, DE 19947 $369,900 ($154.13/SF)
Executive Summary
Perfect investment opportunity barely 500' from the circle in downtown Georgetown. Property is zoned for mixed use but currently has two residential tenants occupying both the top and bottom floor units. The building is in good shape and has undergone many recent updates inside and out. There are a few different options with this property. Leases are annual and will be coming up for renewal soon. This property can be used as a residential duplex or a mixed use property with commercial use on the first floor and residential on the second floor or the property next door, 107 N Bedford, could be purchased along side this one. The two properties can be combined and redeveloped into an apartment complex or a larger commercial building. There is plenty of parking and great roadside exposure to fit any needs.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,400 SF
Building Class
C
Year Built
1899
Price
$369,900
Price Per SF
$154.13
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,200 SF
Building FAR
0.32
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
UB 3 - Urban Business
Parking
6 Spaces (2.5 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Property Taxes
| Parcel Number | 135-14.20-145.00 | Improvements Assessment | $14,150 |
| Land Assessment | $1,800 | Total Assessment | $15,950 |
Property Taxes
Parcel Number
135-14.20-145.00
Land Assessment
$1,800
Improvements Assessment
$14,150
Total Assessment
$15,950
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109 N Bedford St
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