For Sale
$1,200,000

423 Broad StMiddletown, DE 19709

High-yield retail property, multiple tenants.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional income-producing retail property, located at 423 N. Broad St in Middletown, Delaware (zip code 19709), presents a lucrative investment opportunity. The building encompasses 10,166 square feet on a 0.29-acre lot and is zoned 23C-2 Downtown Commercial, allowing for a variety of uses. Currently, the building houses several tenants, including a fully equipped hair salon, office space, and a spa. This diverse tenant mix ensures a stable income stream. The property features convenient amenities such as an interior and exterior elevator, enhancing accessibility and functionality. The asking price for this prime retail location is $1,200,000. Situated in the thriving town of Middletown, New Castle County, Delaware, this property benefits from excellent visibility and accessibility. The substantial square footage and diverse tenant occupancy make this a highly desirable investment, offering both immediate return and significant long-term potential. The property's strategic location and versatile zoning provide ample opportunities for future growth and expansion. This is a rare opportunity to acquire a well-established, income-generating retail property in a desirable Delaware location.

Highlights

  • 10,166 SF retail building on a 0.29-acre lot.
  • Multi-tenant income-producing property with available space, including a fully equipped hair salon, office, and spa.
  • Middletown location.
  • Features both interior and exterior elevators.
  • Zoned 23C-2 Downtown Commercial.
  • $1,200,000 sale price.

Property Details for 423 Broad St

Property type
Retail properties, Office properties
Square Feet
10,166 SF
Lot Size (sq. ft)
12,632 SF

Location Insight

City
Middletown
County
New Castle
State
Delaware
Latitude
39.4539827
Longitude
-75.7177503
423 Broad St, Middletown, Delaware

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423 Broad St
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