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198 Mullet Run St
For Sale $1,500,000
$1,500,000
- 2 Units
- Unknown Sq Ft
- 2 Sq Ft
- Unknown Cap Rate
Description
Prime Investment Opportunity: 2-Acre Secure Commercial Property with Reliable Income. This 2-acre property in Kent County is a solid investment opportunity, featuring Business Park (BP) zoning and a secure, fenced perimeter with gated vehicle access. Minimal maintenance needs make this a hassle-free asset for investors seeking immediate returns. The larger 7,200 sq ft (60x120) single-story metal building is fully leased under a gross lease, providing steady rental income with a long-term tenant. The additional 2,400 sq ft (40x60) single-story metal building is currently owner-occupied and framed, offering flexibility for future leasing or customization. The property owner has already commissioned site plans to establish independent utilities for this building, improving its usability and appeal to prospective tenants. The current tenant has also expressed interest in expanding operations into this space, increasing potential cash flow. This property delivers a compelling mix of stable income and growth potential. Contact us today for more information or to arrange a showing.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,500,000 |
| Property Type | Other |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 2001 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | MD1617300010321000 |
| MLS # | DEKT2033012 |
| Property ID | 321154067 |
| Lot Sqft | 2 |
| Zoning | BP |
| Total Units | 2 |
| Days on Market | 20 |
| Original List Price | Unknown |
| Date Updated | January 13, 2025 |
| Date Created | January 06, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Nikhil Patel an agent of . Lic #RS-0022350
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Data last updated: January 26, 2025.
Robert Crawford
REAL ESTATE AGENT