Billboard Route 1,  Milford DE, 19963

(NEW LISTING)
$498,175
|
800 sqft
|
MLS# DEKT245718
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Last Updated: 1/17/2021 6:44 AM
Description for Billboard Route 1 Milford, DE 19963
Great income producing billboard at the highly desirable intersection of Route 1 & Route 113 in Milford. Long term lease to Clear Channel Outdoor, currently in the 6th year of a 10 year lease, and tenant has been a 30+ year tenant. Ownership transfer will be a perpetual easement. Price is based on 7% return for the projected 2022 income. Buyer must cooperate with Seller's 1031 exchange.
Price
$498,175
KENT
800 (approx)
DEKT245718
NEW LISTING
Description
Great income producing billboard at the highly desirable intersection of Route 1 & Route 113 in Milford. Long term lease to Clear Channel Outdoor, currently in the 6th year of a 10 year lease, and tenant has been a 30+ year tenant. Ownership transfer will be a perpetual easement. Price is based on 7% return for the projected 2022 income. Buyer must cooperate with Seller's 1031 exchange.
Listing Information
Property Type: Other
ES 800 (approx) $622.72
Neighborhood
Room Information
Exterior / Lot Features
Other
None
COMMERCIAL
Highway Access
Driving Directions
Intersection of Route 1 & 113
Financial Considerations
$0
2021
Listing Price History

Milford Real Estate

Milford is located in Delaware. Milford, Delaware 19963 has a population of 10,495.

The median household income in Milford, Delaware 19963 is $55,326. The median household income for the surrounding county is $55,917 compared to the national median of $57,525. The median age of people living in Milford 19963 is 38 years.

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Courtesy: MASTEN REALTY LLC
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This content last refreshed on 1/17/2021 6:44 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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