MLS # DESU2080504
1201 middleford rd, Seaford, DE 19973
$875,000
Commercial Sale
High-Yield Investment Property outside of city limits but adjacent to water, public water, and sewer– Fully Leased with Immediate Cash Flow!
This prime mixed-use property is a turnkey investment generating $11,800/month in gross rental income ($141,600/year) across multiple income-producing assets:
Breakdown of Rental Income:
Commercial Spaces:
Unit 1 (Tire Shop): $1,500/mo
Unit 2 (Barber Shop): $1,500/mo
Unit 3 (Barber Shop): $2,000/mo
Unit 4 (Grocery Store): $1,800/mo
Residential Units – 7 Mobile Homes:
Trailer 1: $1,400/mo Read More
Built In 1950
Property Summary
Status:
Active
MLS #
DESU2080504
Street Address:
1201 Middleford Rd
City, State Zip:
Seaford, DE 19973
County
Sussex
Type:
Commercial Sale
Price
$875,000
Year Built:
1950
Property Description
High-Yield Investment Property outside of city limits but adjacent to water, public water, and sewer– Fully Leased with Immediate Cash Flow! This prime mixed-use property is a turnkey investment generating $11,800/month in gross rental income ($141,600/year) across multiple income-producing assets: Breakdown of Rental Income: Commercial Spaces: Unit 1 (Tire Shop): $1,500/mo Unit 2 (Barber Shop): $1,500/mo Unit 3 (Barber Shop): $2,000/mo Unit 4 (Grocery Store): $1,800/mo Residential Units – 7 Mobile Homes: Trailer 1: $1,400/mo Trailer 2: $1,000/mo Trailer 3: $650/mo Trailer 4: Not paying rent Trailer 5: (Lot Rent Only): $550/mo Trailer 6: $600/mo Trailer 7: $800/mo Stable Tenants + Expansion Potential = Strong ROI Net Operating Income (NOI): $131,600/year (after estimated $10,000 annual expenses. Estimated Cap Rate: 15%+ (based on list price – excellent return in today’s market!) Low Overhead: Minimal owner expenses with separate electric meters and long-term tenants. Value-Add Opportunity: ? Seller is offering a $75,000 credit for reinvestment, closing costs or prepaid expenses if purchased before planned pole buildings are added—creating even more rental income! ? Trailer 7 is not generating income, but it will be an instant income boost once it does! Why This Property? It is fully leased with a strong rental history Diversified income streams (commercial + residential) Minimal owner responsibilities Planned improvements for increased revenue High cash-on-cash return potential Perfect for investors seeking a high-yield, low-maintenance portfolio addition! Schedule a showing today!Property Details
Property & Interior Info:
Existing Name:
Accessibility:
2+ Access Exits, Level Entry - Main
Items Included:
Heating & Cooling:
Cooling:
Window Unit(s)
Heating:
Other
Utilities:
Water:
Public Hook-up Available,Private
Sewer:
On Site Septic,Public Hook/Up Avail
Utilities On Site:
Building & Construction:
Type:
Commercial Sale
Lot Dimensions:
0.00 x 0.00
Exterior Type:
OTHER PROPERTY INFO
City:
Seaford
Area:
Seaford Hundred (31013)
In City Limits:
No
New Construction:
No
Historic Distict:
No
Last Price Change:
03/22/2025 12:44:20
# of Day on Market:
8 Days
Financial Info:
List Price:
$875,000
County Tax:
0
Annual HOA Fees:
$0
Annual Condo Fees:
$0
Financing Type:
Cash, Conventional, Lease Purchase
LISTING FIRM
Listing Agent:
Century 21 Home Team Realty
Listing Firm Phone:
2147483647
ASK A QUESTION
Call us at 302-344-9002 or use the form below to contact us regarding this property or to request a private showing.