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    BILLBOARD Route 1

    MILFORD, DE 19963
    • $450,000
    • STATUS: Active
    • ON SITE: 255 days
    • ID#: DEKT245718
    UPDATED: 70 min ago
    $450,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    School District:

    Description

    Great income producing billboard at the highly desirable intersection of Route 1 & Route 113 in Milford. Long term lease to Clear Channel Outdoor, currently in the 6th year of a 10 year lease, and tenant has been a 30+ year tenant. Ownership transfer will be a perpetual easement. Price is based on 7% return for the projected 2022 income. Buyer must cooperate with Seller's 1031 exchange.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Bowers Realty Group | Coldwell Banker. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-26T09:50:00.823.
    www.bowersgroup.net/homes/113229110
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    BILLBOARD Route 1 MILFORD, DE 19963

    • Price: $450,000
    • Status: Active
    • Updated: 70 min ago
    • ID#: DEKT245718
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Milford (30805)
    County:
    Kent
    Area:
    Milford (30805)
    School District:
    Milford
    Property Description
    Great income producing billboard at the highly desirable intersection of Route 1 & Route 113 in Milford. Long term lease to Clear Channel Outdoor, currently in the 6th year of a 10 year lease, and tenant has been a 30+ year tenant. Ownership transfer will be a perpetual easement. Price is based on 7% return for the projected 2022 income. Buyer must cooperate with Seller's 1031 exchange.
    Exterior Features

    Construction Materials Other Garage YN No Location Type Highway Parking Types None Riparian Rights YN No View CityStreetOther Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 800.00 Cooling None Heating None Net Square Feet 800.00

    Property Features

    Accessibility Features None Annual Gross Expense 0.00 Association Expense 0.00 Association YN No Business Type Other Central Air YN No Cooling Fuel None Cross Street Route 113 Electric Expense 0.00 Gross Income 33500.00 Heating Fuel None Historic YN No Hot Water None Insurance Expense 0.00 Lease Considered YN No Maintenance Expense 0.00 Navigable Water YN N Net Operating Income 33500.00 New Construction YN No Operating Expense 0.00 Original MLSNumber 304444784607 Other Expense 0.00 Ownership Interest Fee Simple Possession Immediate Property Sub Type Special Purpose Sale Type Standard Sewer No Septic System Tax Annual Amount 0.00 Tax Assessment Amount 0.00 Total Actual Rent 33500.00 Trash Expense 0.00 Vacation Rental YN No Water Source None Zoning Commercial Zoning Description Town Codes

    Listing courtesy of Masten Realty Llc.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Bowers Realty Group | Coldwell Banker. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-26T09:50:00.823.
     
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    Bowers Realty Group | Coldwell Banker
    33012 Coastal Highway
    Bethany Beach DE, 19930