Two Parcel Assemblage for Sale 2 Retail Properties Offered at $4,000,000 in Middletown, DE
INVESTMENT HIGHLIGHTS
- The property includes five first-floor retail spaces and twelve recently renovated apartment units with a flexible floor plan.
- It is situated in Middletown’s Downtown Development District, offering incentives and grants.
- The property boasts 100 feet of frontage on Main Street.
- The property is located at the intersection of Main Street and South Broad Street.
- The apartment units have been recently renovated with a flexible floor plan.
EXECUTIVE SUMMARY
14 South Broad Street and 4 West Main Street in Middletown, DE offer a prime investment opportunity with a 12,615 square foot mixed-use building featuring five first-floor retail spaces and twelve apartment units. In addition, the property includes a 12,000 square foot, three-story former firehouse with six overhead doors and a flexible floorplan. Located at the intersection of Main Street and South Broad Street in the heart of Middletown, the properties benefit from excellent visibility and proximity to the town’s Downtown Development District, providing access to a variety of incentives and grants to offset construction costs. This opportunity is ideal for investors or owner-users looking for an income-producing property with value-add potential, including a historic building within a flexible zoning area.
PROPERTY FACTS
| Price | $4,000,000 |
| Price / SF | $162.50 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 24,615 SF |
| Total Land Area | 0.81 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 4 W Main St, Middletown, DE 19709 | Retail | 12,615 SF | 1925 | - |
| 14 S Broad St, Middletown, DE 19709 | Retail | 12,000 SF | 1943 | - |
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