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8 COMMONWEALTH AVE Claymont, DE 19703
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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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Bought with Matthew Lenza • Keller Williams Real Estate - Media