Property

Milton, DE 19968 312 Walnut Street

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Presented By: Monument Sotheby's International Realty
  • MLS# DESU2078826
  • 02/26/2025
  • Request Tour
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  • SQFT • 5,243

Home Details

Endless Possibilities AwaitLive, Work, and Invest in the Heart of Downtown Milton! 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.
Presented By: Monument Sotheby's International Realty

Interior Features for 312 Walnut Street

Other Interior Features

Central Air Y/NYes
FlooringConcrete
Heating FuelPropane - Leased
Heating Y/NYes
Hot WaterElectric

General for 312 Walnut Street

Acceptable FinancingCash, Conventional
AccessibilityNone
Business TypeOther
CityMILTON
Construction MaterialsConcrete, Vinyl Siding
Cool FuelElectric
CoolingCentral A/C
CountySUSSEX
DirectionsFrom Route 1, Cave Neck Road (Rd 88), west to Milton. Right on Walnut Street, see signs on corner of Walnut and Prettyman. Park on left.
Electric220 Volts, Circuit Breakers
HeatingForced Air
Historic Y/NNo
Legal SubdivisionMILTON
Location TypeFree Standing
Lot Size Square Feet14375.00
Lot Size UnitsSquare Feet
MLS AreaBroadkill Hundred (31003)
ModificationTimestamp2025-04-11T11:54:35
New ConstructionNo
Number Of Units Total
OwnershipFee Simple
PossessionSubject to Existing Lease
Possible UseResidential
Property SubtypeMixed Use
Property TypeCommercial Sale
RoofShingle, Asphalt
SewerPublic Sewer
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Sussex DE QuadrantsBetween Rt 1 & 113
Tax Annual Amount1639.0
Tax Year2024
UtilitiesPropane
Vacation Rental Y/NNo
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
Year Built1968
Year Built SourceEstimated
ZoningTN

Exterior for 312 Walnut Street

Building Area Total0.00
Car Parking Spaces6
Land Use Code999
Lot Dimensions80.00 x 157.00
Lot Size Acres0.33
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Road ResponsibilityCity/County
Road Surface TypeConcrete
Total Loading Docks0
Total Parking Spaces6
Type of ParkingOther
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Charles Torres

Owner
Price $695,000
MLS#DESU2078826
List Date 02/26/2025
Property Type Contingent
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