312 WALNUT ST Milton, DE 19968
UPDATED:
02/26/2025 07:19 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID DESU2078826
Originating Board BRIGHT
Year Built 1968
Annual Tax Amount $1,639
Tax Year 2024
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 80.00 x 157.00
Property Sub-Type Mixed Use
Property Description
This one-of-a-kind property offers a rare combination of residential and commercial space, making it an exceptional opportunity for homeowners, business owners, and investors alike. The spacious 3,570 sq. ft. warehouse features five bays, providing ample room for storage, workspace, or business operations. Also included on the property is a charming 2-bedroom, 1-bath single-family home, perfect for comfortable living or rental income (estimated 60K per year).
Adding to its versatility, The Studios on Walnut, a renovated commercial property in 2013, serves as a dynamic hub for artists and creatives. This unique building includes four separate studios, each with private entrances, and two large garage bays. One bay is used as a common area for classes, featuring an area with two sinks, a handicap-accessible bathroom, and counters with built-in storage. The second bay serves as a studio and gathering space, ideal for artistic and community events. Each room is equipped with its own HVAC system for heating and air conditioning, and the building is powered by two upgraded 200-amp electrical services. Over the years, The Studios on Walnut has hosted numerous art openings and gallery events, making it a truly special space.
A large front parking lot provides space for up to 12 vehicles, ensuring accessibility for residents, artists, and visitors.
Located in prime downtown Milton, this property places you at the heart of a thriving community. Don't miss this rare opportunity to own a flexible, multi-use space.
Location
State DE
County Sussex
Area Broadkill Hundred (31003)
Zoning TN
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Concrete
Heat Source Propane - Leased
Exterior
Garage Spaces 6.0
Utilities Available Propane
Water Access N
Roof Type Shingle,Asphalt
Street Surface Concrete
Accessibility None
Road Frontage City/County
Total Parking Spaces 6
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 235-20.07-118.00
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=qTsEh2TfMLM
