Description
Daltons Mobile Home Park and Commercial Retail Center. A high visibility mixed use property on 7.6acres which includes a 1.83 acre Commercial zoned portion with 400" of road frontage on Route 40 in Bear, Delaware.* This commercial zoned area includes a 4-unit, fully leased, and 1.2 acres of undeveloped area with road frontage on U.S. Route 40.* Adjacent to the Commercial frontage is a 45 unit manufactured housing community on 5.77 acres. This income producing property has a 96% occupancy rate.* The total NOI for the Commercial retail center and Manufactured Housing Community is $300,000. with a 6% cap rate.* Great potential for additions and changes to increase maximum income. - Fill two (2) developed vacant sites in the community - Potentially add two(2) additional sites in undeveloped area at rear of community -Develop commercially zoned 1.2 acre undeveloped area with frontage on U.S. Route 40
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0BEDS
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7.6ACRES
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0BATHS
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01/2 BATHS
Description
Daltons Mobile Home Park and Commercial Retail Center. A high visibility mixed use property on 7.6acres which includes a 1.83 acre Commercial zoned portion with 400" of road frontage on Route 40 in Bear, Delaware.* This commercial zoned area includes a 4-unit, fully leased, and 1.2 acres of undeveloped area with road frontage on U.S. Route 40.* Adjacent to the Commercial frontage is a 45 unit manufactured housing community on 5.77 acres. This income producing property has a 96% occupancy rate.* The total NOI for the Commercial retail center and Manufactured Housing Community is $300,000. with a 6% cap rate.* Great potential for additions and changes to increase maximum income. - Fill two (2) developed vacant sites in the community - Potentially add two(2) additional sites in undeveloped area at rear of community -Develop commercially zoned 1.2 acre undeveloped area with frontage on U.S. Route 40
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