Claymont, DE 19703,8 COMMONWEALTH AVE
Claymont, DE 19703,8 COMMONWEALTH AVE
Claymont, DE 19703,8 COMMONWEALTH AVE
136
$775,000
$840,000
7.7%
Est.Price: ?

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8,000 SqFt

8 COMMONWEALTH AVE Claymont, DE 19703

Est. payment /mo
SOLD DATE : 10/29/2021

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Key Details

Sold Price $775,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 8,000 sqft

Price per Sqft $96

MLS Listing ID DENC2007668

Sold Date 10/29/21

HOA Y/N N

Originating Board BRIGHT

Year Built 1917

Tax Year 2021

Lot Size 0.280 Acres

Acres 0.28

Lot Dimensions 120.00 x 100.00

Property Description

Available now! Once in a lifetime opportunity to own an entire building with Commercial and Residential units. Updated financials have been added. Owner is working on filling the the vacancies. Perfect opportunity to buy now and utilized some of the vacant units for yourself or have the option of choosing your own tenants. All payments from current tenants are being converted to online payments to make it very easy for the new owner to take over the reigns. Additional Notes Below: A building with a rich history stands proudly at the entrance to Overlook Colony. Known as The Overlook, it has seen many changes since 1917 when constructed by General Chemical Company. Initially, the two-story building with a full basement was used as the community center for Overlook Colony and was placed at the main entrance just off of Philadelphia Pike. The Colony was planned and developed by General Chemical to house their employees in what were very nice, substantial homes at the time. Besides being called the community center it was later known as Redman's Hall; a meeting place for a fraternal group. It also housed activities of the Holy Rosary Church and stores including Shinn's and later, Steins. If you walk the halls of our building you will notice a lovely plaque that was presented to the three of us by the Claymont Fire Company. It commemorates the fact that many years ago, all of the organizational meetings of the fire company were held in our building. Also, up until 1924, when the Claymont School was built on a lot donated by General Chemical, the community center provided several rooms to take care of the educational needs of the children in the Colony. In 1989, new owners purchased the building and since then have tried to keep the glory of the building's former days while completely modernizing the structure. Because of our efforts, they were presented with a New Castle County Historic Preservation Award in 2000 and were given a grant of $2,500 from General Chemical in 2002 to help beautify the front of the building. Much thought, work, and finances have been expended over the years. Having great tenants like the Queen Bean Caf, Creative Communications, Edward Jones, Pop Culture and Dawn's, Lamb's Loft as well as our apartment dwellers have made this task very worthwhile.

Location

State DE

County New Castle

Area Brandywine (30901)

Zoning VERIFY

Interior

Hot Water Natural Gas

Heating Other

Cooling Central A/C

Flooring Hardwood

Heat Source Natural Gas

Exterior

Garage Spaces 15.0

Water Access N

Roof Type Slate

Accessibility None

Total Parking Spaces 15

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Brandywine

Others

Tax ID 06-084.00-439

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Matthew Lenza • Keller Williams Real Estate - Media
Bought with Matthew Lenza • Keller Williams Real Estate - Media

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Joanna Dieter

Agent | License ID: 665620

+1(410) 949-6855

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