106 Sandhill DrMiddletown, DE 19709

Property Details for 106 Sandhill Dr

Year built

2007

Construction

CONCRETE

Lot size

1.02 AC

Property size (Sq ft)

3,600 SF

Zone code

23M-I

Property type

Retail properties

Property subtype

Drive through restaurants

APN

23-005.00-304

APU

2300500304

Description

This exceptional 1,200 square foot executive office suite is available for lease in Middletown, Delaware's desirable Bunker Hill Centre. Located on the second floor of a two-story, 2007-built Class B building, this single-tenant space offers a highly functional layout. The suite includes four private offices, a full bath, and a half bath, along with a versatile conference room that could easily serve as an additional office. The property sits on 1.02 acres of land and boasts ample parking with 32 spaces available. The building is not equipped with elevators. This independently metered space provides tenants with convenient utility management. The property's zoning is 23M-I (Manufacturing Industrial), reflecting its location in a high-density area with strong business demand. The suite's premium features and convenient location make it an ideal space for businesses seeking a professional and efficient workspace. The APN is 2300500304. This is a unique opportunity to secure a highly desirable office space in a thriving Delaware community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,261,652

  6.5%

  $2,087,679

  7%

  $1,938,559

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,923,932

  Geo Method

  $1,185,348

• Alternative Use

  Use

  Valuation

  Residential

  $1,761,036

  Hospitality

  $1,613,099

  Educational

  $1,342,080

  Medical

  $1,388,236

  Retail

  $2,087,679

Location Insight

City

Middletown

County

New Castle

State

Delaware

Latitude

39.4522

Longitude

-75.7273

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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