102 Federal Street, Milton, DE 19968

USD 1,495,000

For Sale MLS: DESU2115220

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Property Details

Description

An exceptional mixed-use investment opportunity in the heart of Historic Downtown Milton. This well-maintained income-producing property features five leasable units, offering a diverse and stable revenue stream with three residential apartments and two commercial spaces. The residential component includes one spacious 3-bedroom apartment and two well-appointed 2-bedroom apartments, providing highly desirable rental options in one of Sussex County's most charming downtown communities. The commercial spaces include a restaurant tenant and a basement for storage, along with an additional leased commercial space, creating excellent tenant diversification and long-term investment appeal. Ideally situated on Federal Street, the property enjoys outstanding visibility, walkability, and convenient access to Milton's thriving restaurants, breweries, specialty shops, parks, and year-round community events. Historic Milton continues to experience strong demand from both residents and businesses while remaining just a short drive from the Delaware beaches, making this a compelling opportunity for investors seeking consistent cash flow and value. Whether you're expanding your investment portfolio or acquiring a signature mixed-use property in a growing downtown market, 102 Federal Street offers the rare combination of residential stability, commercial income, and an unbeatable location in one of coastal Delaware's most desirable small towns.

PROPERTY DETAILS: Square Feet: 3200

INTERIOR FEATURES: • Flooring: Vinyl, Other • Cooling: Central Air, Electric • Heating: Electric Heating, Heat Pump, Baseboard • Plumbing: Electric Water Heater

EXTERIOR FEATURES: • Parking: 8 Parking Spaces, On Street, Parking Lot. • Exterior: Brick • Lot Dimensions: 60.24 x 119.18 x 54.95 x 55.93 x 52.74 • Zoning: TN

LISTING AGENT: Agent: Lee Ann Wilkinson | Office: Berkshire Hathaway HomeServices PenFed Realty | Phone: 3026456664 | Email: [email protected]

LISTING INFORMATION: MLS#: DESU2115220 | Status: FOR SALE

Location

Address

102 Federal Street

City

Milton

Features and Finishes

Interior Features:

• Flooring: Vinyl, Other

• Cooling: Central Air, Electric

• Heating: Electric Heating, Heat Pump, Baseboard

• Plumbing: Electric Water Heater

Exterior Features:

• Parking: 8 Parking Spaces, On Street, Parking Lot.

• Exterior: Brick

• Lot Dimensions: 60.24 x 119.18 x 54.95 x 55.93 x 52.74

• Zoning: TN

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