103 W PINE ST, Georgetown, DE 19947
103 W PINE ST, Georgetown, DE 19947
103 W PINE ST, Georgetown, DE 19947
24
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Listed by JOHN RISHKO • Patterson-Schwartz-Rehoboth
$399,000
Est. payment /mo
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0.37 Acres Lot
New

103 W PINE ST Georgetown, DE 19947

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Subdivision None Available

MLS Listing ID DESU2121280

Year Built 1792

Annual Tax Amount $1,000

Tax Year 2026

Lot Size 0.372 Acres

Acres 0.37

Lot Dimensions 128 x 132

Property Sub-Type Office

Source BRIGHT

Property Description

Great investment opportunity in the heart of Sussex County. 2 story farmhouse in excellent condition, currently used as a professional office space with 5 offices, one full bathroom, one half bathroom, a conference room and full kitchen with new lease producing $39k per year in income. Zoned UR 1 in the town limits of Georgetown with conditional use approval. Currently leased for two more years (1/1) to long term tenant. Tenant pays all utilities. Landlord pays Insurance and Taxes. 10% Cap rate. ADA accessible. Baseboard radiator with furnace and mini splits for heat. Central AC with two outdoor units just purchased in 2021. Older building with many updates to include floors, roof, HVAC and windows. Currently parking for 6 vehicles with storage garage and plenty of room to grow. Terrific location one block off the circle in Georgetown.

Location

State DE

County Sussex

Area Georgetown Hundred (31006)

Zoning TN

Interior

Hot Water Electric

Heating Baseboard - Hot Water, Floor Furnace, Hot Water

Cooling Central A/C

Flooring Hardwood

Heat Source Oil

Exterior

Garage Spaces 6.0

Water Access N

Roof Type Architectural Shingle

Accessibility 36\"+ wide Halls

Total Parking Spaces 6

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Indian River

Others

Tax ID 135-19.08-185.00

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Virtual Tour https://vt-idx.psre.com/RB02424

Bright MLS (BMLS)

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103 W PINE ST