Skip To Content

    118 Atlantic Avenue , 302/301

    OCEAN VIEW, DE 19970
    • $649,000
    • STATUS: Active
    • ON SITE: 29 days
    • ID#: DESU183578
    UPDATED: 212 min ago
    $649,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    2004
    County:

    School Ratings & Info

    School District:

    Description

    INVESTMENT OPPORTUNITY! 100% Leased, Long term multi-tenant office/medical. This unit (#302) and the adjacent unit (#301, tax ID: 134-12.0-425.00-6, similar sq ft.) are being sold together. 2 Units total. Low county and city taxes. Low condo fees. IRR: 10.2% CAP: 7.1% Well maintained commercial property housing two long term tenants with current lease agreements in place. Location Location Location!!!! Right in the middle of a busy business/retail/office district.

    Monthly Payment Calculator



    ©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 CoastLine Realty. 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: 2021-06-18T23:53:20.323.
    www.coastline-realty.com/homes/117421046
    Print Image

    118 Atlantic Avenue , 302/301 OCEAN VIEW, DE 19970

    • Price: $649,000
    • Status: Active
    • Updated: 212 min ago
    • ID#: DESU183578
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2004
    Built
    Neighborhood:
    Baltimore Hundred (31001)
    County:
    Sussex
    Area:
    Baltimore Hundred (31001)
    School District:
    Indian River
    Property Description
    INVESTMENT OPPORTUNITY! 100% Leased, Long term multi-tenant office/medical. This unit (#302) and the adjacent unit (#301, tax ID: 134-12.0-425.00-6, similar sq ft.) are being sold together. 2 Units total. Low county and city taxes. Low condo fees. IRR: 10.2% CAP: 7.1% Well maintained commercial property housing two long term tenants with current lease agreements in place. Location Location Location!!!! Right in the middle of a busy business/retail/office district.
    Exterior Features

    Construction Materials FrameAluminum Siding Garage YN No Parking Features Paved Parking Parking Types Parking Lot Property Condition Excellent Riparian Rights YN No Roof Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 1997.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 4000.00

    Property Features

    Accessibility Features 2+ Access ExitsEntry Slope <1'Level Entry - MainOther Assessment Year 2020 Association YN No Business Type MedicalProfessional Central Air YN Yes Cooling Fuel Other Heating Fuel Other Historic YN No Hot Water Other Lease Considered YN No Navigable Water YN N New Construction YN No Original MLSNumber 304617111379 Ownership Interest Condominium Possession Subject To Existing Lease0-30 Days CdOther Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 1495.73 Total Actual Rent 69101.04 Vacation Rental YN No Water Source Public Zoning Tn

    Listing courtesy of Coldwell Banker Resort Realty - Lewes.


    ©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 CoastLine Realty. 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: 2021-06-18T23:53:20.323.
     
    https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_2_304617111379-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_2_304617111379-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_2_304617111379-2.jpg
    Logo
    CoastLine Realty
    31 Saulsbury Road, Suite 2
    Dover DE, 19904