Bear, DE 19701,724-730 PULASKI HWY

$1,250,000

$1,500,000

16.7%
Est.Price: ?

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Est. payment /mo

4,200 SqFt


SOLD DATE : 06/28/2024

Key Details

Sold Price $1,250,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 4,200 sqft

Price per Sqft $297

MLS Listing ID DENC2055682

Sold Date 06/28/24

Originating Board BRIGHT

Year Built 1962

Annual Tax Amount $7,043

Tax Year 2023

Lot Size 1.830 Acres

Acres 1.83

Lot Dimensions 400 x 200

Property Description

A high visibility property on 1.83 acres commercially zoned with 400' of road frontage on U.S. Route 40 in Bear, Delaware. This commercial zoned area include a 4-unit, 4200 square feet, fully leased, retail center and 1.2 acres of undeveloped road frontage on U.S. Route 40. The total NOI for the commercial center has a 6% cap rate. Great potential for additional changes to increase maximum income. Many possibilities for the 1.2 undeveloped area with approximately 260" of Route 40 frontage to build additional retail space , Car wash, Convenience store, Daycare, Medical or Office building, or many other applications.

Location

State DE

County New Castle

Area Newark/Glasgow (30905)

Zoning COMMERCIAL

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source Oil, Propane - Owned

Exterior

Garage Spaces 100.0

Water Access N

Accessibility None

Total Parking Spaces 100

Garage N

Building

Lot Description Rented Lot

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Colonial

Others

Tax ID 10033400112

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Kathy Quinn • RE/MAX Associates - Newark
Bought with Patrick Gioffre • Gioffre Commerical Realty LLC
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