Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Electric, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Concrete, Other

  • Parking

    Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    4.4

  • Property Type

    Commercial Sale

  • Property Sub Type

    Retail

Price

  • Sales Price

    $1,499,500

  • Tax Amount

    1744.0

  • Zoning

    A wide range of permitted uses including daycare centers, restaurants, coffee shops, medical clinics, grocery stores, and more.

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

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Location

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SUSSEX

Elementary School

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Listing Courtesy of Meredith M. Mears , SVN/Miller Commercial Real Estate

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Investment Opportunity in Laurel, DE.  This 7,006 SF free-standing commercial building sits on 4.4 acres along Laurel, DE's main corridor, offering high visibility, multiple points of ingress and egress, plentiful parking and additional land for development or expansion.  The building on site was a very well performing Rite-Aid Pharmacy that was in operation for many years.

With a wide-open floor plan, and a small warehouse and office space in the rear of the building, the property is very versatile for varying uses.  A new roof (less than 5 years old) and brand new HVAC systems (about 1 year old) demonstrate that this property has been well maintained over the years. 

C-B zoning provides excellent flexibility for retail, office, medical, or service-oriented businesses, making this an ideal property for investors or owner-occupants.

1120 S CENTRAL AVENUE

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Portfolio Sale – Prime Mixed-Use Opportunity in Downtown Laurel. An opportunity to acquire a mixed-use portfolio consisting of a fully leased mixed-use building plus two additional contiguous residential lots, all offered together and not to be sold separately. The mixed-use property features three second-floor residential apartments generating  rental income, along with a first-floor retail space offering strong visibility and income potential. Ideal for investors seeking steady cash flow with upside. Also included are two separate residential lots located at 601 and 603 Park Avenue, the lots are contiguous providing tremendous development or expansion potential.  601 Park Ave lot: 6,809 sq ft  603 Park Ave lot: 6,371 sq ft. The building is located just minutes from downtown Laurel, this portfolio offers proximity to shops, dining, transportation, and ongoing area growth. A unique opportunity to own income-producing mixed-use real estate plus additional land in a high-demand location.
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LAUREL

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None Beds

None Baths

6,185 Sq.Ft.

$1,495,000

MLS#: MDPG2186352

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