Property
Georgetown, DE 19947 103 W Pine Street
$399,000
19 more
Presented By: JOHN RISHKO with Patterson-Schwartz-Rehoboth - 3027036987; jgiles@psre.com
SQFT • 2,500
SQFT • 2,500Home Details
Great investment opportunity in the heart of Sussex County. 2 story farmhouse in excellent condition, currently used as a professional office space with 5 offices, one full bathroom, one half bathroom, a conference room and full kitchen with new lease producing $39k per year in income. Zoned UR 1 in the town limits of Georgetown with conditional use approval. Currently leased for two more years (1/1) to long term tenant. Tenant pays all utilities. Landlord pays Insurance and Taxes. 10% Cap rate. ADA accessible. Baseboard radiator with furnace and mini splits for heat. Central AC with two outdoor units just purchased in 2021. Older building with many updates to include floors, roof, HVAC and windows. Currently parking for 6 vehicles with storage garage and plenty of room to grow. Terrific location one block off the circle in Georgetown.
Presented By: JOHN RISHKO with Patterson-Schwartz-Rehoboth - 3027036987; jgiles@psre.com
Interior Features for 103 W Pine Street
Bathrooms
Total Restrooms2
Other Interior Features
Central Air Y/NYes
FlooringHardwood
Heating FuelOil
Heating Y/NYes
Hot WaterElectric
General for 103 W Pine Street
Acceptable FinancingCash, Conventional
Accessibility36 + wide Halls
Building Area UnitsSquare Feet
Building NameNONE AVAILABLE
Business TypeProfessional
CityGEORGETOWN
Construction MaterialsStick Built
Cool FuelElectric
CoolingCentral A/C
CountySUSSEX
DirectionsSouth on Bedford from Circle. Right on W. Pine St. Property on the corner of Pine and S. Front.
HeatingBaseboard - Hot Water, Floor Furnace, Hot Water
Land Lease Y/NNo
Lot Size Square Feet16206.00
Lot Size UnitsSquare Feet
MLS AreaGeorgetown Hundred (31006)
New ConstructionNo
OwnershipFee Simple
Possession0-30 Days CD
Price Per Sq Ft Total AG199.5
Property ConditionVery Good
Property SubtypeOffice
Property TypeCommercial Sale
Property UseInvestment
RoofArchitectural Shingle
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameNONE AVAILABLE
Sussex DE QuadrantsBetween Rt 1 & 113
Tax Annual Amount1000.0
Tax Assessed Value270900.0
Tax Year2026
Vacation Rental Y/NNo
Virtual TourClick here
Water Access Y/NNo
Year Built1792
Year Built SourceEstimated
ZoningTN
Exterior for 103 W Pine Street
Building Area Total2000.00
Car Parking Spaces6
Lot Dimensions128 x 132
Lot Size Acres0.37
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Parking FeaturesPaved Parking
Total Loading Docks0
Total Parking Spaces6
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Karlee Torres
Realtor Associate