Description
For sale is the property at 10 E Commerce St. Smyrna, DE 19977 for $300,000. 10 E Commerce is a brick multi-use property located in the heart of downtown Smyrna within easy walking distance of restaurants, a library, shopping, and more. On the second floor is a long-term tenant in a 3 bedroom, 1 bathroom apartment. The first floor is fitted out as 1,675 +/- sqft of professional office but has potential for conversion to 2 residential units. Recent renovations include updated windows, doors, and a new HVAC system. At current market office space lease rates, the property has the potential of being an 11% cap rate. The property has easy access to all parts of the state.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
Description
For sale is the property at 10 E Commerce St. Smyrna, DE 19977 for $300,000. 10 E Commerce is a brick multi-use property located in the heart of downtown Smyrna within easy walking distance of restaurants, a library, shopping, and more. On the second floor is a long-term tenant in a 3 bedroom, 1 bathroom apartment. The first floor is fitted out as 1,675 +/- sqft of professional office but has potential for conversion to 2 residential units. Recent renovations include updated windows, doors, and a new HVAC system. At current market office space lease rates, the property has the potential of being an 11% cap rate. The property has easy access to all parts of the state.
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