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Slaughter Beach Town Center 360 Bay Ave 4,000 SF 25% Leased Retail Building Milford, DE 19963 $699,999 ($175.00/SF)

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INVESTMENT HIGHLIGHTS

Beach front location, just across the street from the beach
SEWER COMING
0.75 acres of land

Ample parking lot nearby and next to park
Oversized garage full attic for storage

EXECUTIVE SUMMARY

Great opportunity! Unique beach property zoned COMMERCIAL/ RESIDENTIAL 2900SF Main Bldg, 950 SF Garage w 16 ft ceiling, 250 SF Cottage, next to large city parking lot.? Former liquor store (40 yrs) and mini market (12 yrs) 4 miles from new hospital, Lots of updates, Possible Short-term Owner Financing.? Investors: Sewer is coming to Slaughter Beach! Funding is complete! Planning and development is underway! Property has beautiful postcard-like setting across the street from the beach and next door to newly resurfaced Pickle Ball, Tennis and basketball courts, along with a new children's playground - and with the sewer underway, value is set to skyrocket.?.?.?.? For those unfamiliar, Slaughter beach is a beautiful respite known as "The Hidden Gem of Delaware", and often appears in national rankings for best beaches.? This particular property is unique because it is a large parcel with parking, and the only commercial zoning in the city.? Combine that with parking, park, pickleball, tennis right next door and beach across the street, and the large, picturesque backyard with 1800's cottage that overlooks Prime Hook Nature reserve, and you have a truly unique opportunity.?.?.?.?PLUS SUBSTANTIAL UPSIDE with the sewer coming.? Parcel is large enough To present opportunities for redevelopment in the future, especially with sewer on the way.? Updated interior and exterior that includes new modern floors, stainless appliances in the kitchen, new lighting, new modern bathroom, new exterior, new back porch, new library, two new rooms added in previous store, lots of structural type improvements, lots of exterior upgrades including stone, driveway, fill, deck upgrades, 1800's cottage upgrades, many apple and pear trees, and encapsulation in the crawl space.?.?.? Come with your ideas and put your finishing touches on.?.? Investors and individual buyers .?.?"As is" Sale.? 1 Yr.? owner financing with 50% Down, All Closing Costs by Buyer, .?.?WON'T LAST LONG!

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access	ANNUAL	ANNUAL PER SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Net Operating Income	-	-

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	-
Annual Per SF	-

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

4,000 SF

Building Class

Year Built

1962

Price

$699,999

Price Per SF

$175.00

Percent Leased

25%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.13

Lot Size

0.70 AC

Zoning

Commercial Residential - Allows for residential and Commercial retail, office,medical office, service, contains lots of storage space too ..pictures are old,

Parking

16 Spaces (4 Spaces per 1,000 SF Leased)

Frontage

219’ on Bay Ave.