102 Federal St,MILTON, DE 19968
MILTON, DE 19968
Description
An exceptional mixed-use investment opportunity in the heart of Historic Downtown Milton. This well-maintained income-producing property features five leasable units, offering a diverse and stable revenue stream with three residential apartments and two commercial spaces. The residential component includes one spacious 3-bedroom apartment and two well-appointed 2-bedroom apartments, providing highly desirable rental options in one of Sussex County's most charming downtown communities. The commercial spaces include a restaurant tenant and a basement for storage, along with an additional leased commercial space, creating excellent tenant diversification and long-term investment appeal. Ideally situated on Federal Street, the property enjoys outstanding visibility, walkability, and convenient access to Milton's thriving restaurants, breweries, specialty shops, parks, and year-round community events. Historic Milton continues to experience strong demand from both residents and businesses while remaining just a short drive from the Delaware beaches, making this a compelling opportunity for investors seeking consistent cash flow and value. Whether you're expanding your investment portfolio or acquiring a signature mixed-use property in a growing downtown market, 102 Federal Street offers the rare combination of residential stability, commercial income, and an unbeatable location in one of coastal Delaware's most desirable small towns.
Details
| MLS # | DESU2115220 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1910 |
| Days On Site | 78 |
| Listing Provided By | Berkshire Hathaway HomeServices PenFed Realty | Lee Ann Wilkinson |
Features
| Story(s) | 2 |
|---|---|
| Units | 5 |
| Zoning | TN |
| Acreage | 0.16 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Heat Pump(s), Baseboard - Electric |
Exterior
| Roof | Cool/White |
|---|---|
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Cable TV, Propane |
|---|
Taxes
| Tax Annual Amount | 2729 |
|---|
Area Information
| State | DE |
|---|---|
| County | SUSSEX DE |
| City | MILTON |
| Zip Code | 19968 |
| Area | Broadkill Hundred (31003) |
| School District | CAPE HENLOPEN |
| High School | CAPE HENLOPEN |
| Listing VS Median (in 19968) | |
Price: $1,495,000 low | high Med: $550,000 On site: 78 low | high Med: 14 | |
Market Activity 19968
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Learn More About This Property
| State | DE |
|---|---|
| County | SUSSEX DE |
| City | MILTON |
| Zip Code | 19968 |
| Area | Broadkill Hundred (31003) |
| School District | CAPE HENLOPEN |
| High School | CAPE HENLOPEN |
| Listing VS Median (in 19968) | |
Price: $1,495,000 low | high Med: $550,000 On site: 78 low | high Med: 14 | |
