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21 North St 6,375 SF 100% Leased Retail Building Hartly, DE 19953 $900,000 ($141.18/SF) 9.80% Cap Rate
Investment Highlights
- Turnkey opportunity for daycare operators
- Flexible Commercial Use Potential
- Commercial kitchen area
Executive Summary
Unique Commercial Opportunity – Former Childcare Facility with Flexible Future Use Rare opportunity to acquire a purpose-built childcare facility in the heart of Hartly, Delaware. Designed and operated as a daycare center, this property is equipped to accommodate over 100 children and offers a layout specifically tailored for childcare operations, educational programs, community services, and other commercial uses. The current daycare business will be vacating the property in Fall 2026, creating a unique opportunity for an owner-occupant, investor, or entrepreneur to bring their vision to life. Existing daycare furniture, equipment, and inventory may be purchased separately, offering a turnkey opportunity for a buyer seeking to continue childcare operations. The property features ample interior space, multiple activity and classroom areas, administrative offices, outdoor recreation areas, and generous parking. Its prominent location provides convenient access to surrounding communities throughout Kent County. Whether you're looking to establish a childcare center, educational facility, medical or professional office, community organization, or other permitted business use, this versatile property offers the infrastructure and flexibility to support a wide range of possibilities. Properties of this size and specialized design rarely become available in the Hartly market.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$88,416
|
$14.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$88,416
|
$14.74
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $88,416 |
| Annual Per SF | $14.74 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $88,416 |
| Annual Per SF | $14.74 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
6,375 SF
Building Class
B
Year Built
2013
Price
$900,000
Price Per SF
$141.18
Cap Rate
9.80%
NOI
$88,200
Percent Leased
100%
Building Height
1 Story
Building FAR
0.07
Lot Size
2.13 AC
Zoning
RS
Parking
20 Spaces (3.14 Spaces per 1,000 SF Leased)
Frontage
200’ on North St
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $559,200 | |
| Land Assessment | $156,000 | Total Assessment | $715,200 |
Property Taxes
Parcel Numbers
Land Assessment
$156,000
Improvements Assessment
$559,200
Total Assessment
$715,200
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21 North St