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Nancy Nechay-Johns, ABR, E-Pro
302-222-1988
FOR SALE
$1,999,999

8 Commonwealth Avenue
Claymont, DE 19703

Single Family, Single Family-Detached
Residential
16
Beds
8
Baths
+
2 Half
11,500
Sq. Ft.
0.28
Acre Lot
Courtesy: Keller Williams Realty Wilmington, (302) 299-1100
Home> Delaware> Claymont> 19703
Available now! Once in a lifetime opportunity to own an entire building with Commercial and Residential units. Updated financials will be added. Current owner has increased rents and made numerous improvements throughout. Perfect opportunity to buy now and utilize the increased Cash Flow (and not have to worry about getting costly repairs/upgrades completed). 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. With the revitalization going on in Claymont, 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.
DENC2057894
Single Family, Single Family-Detached, Contemporary, Traditional
16
NEW CASTLE
8 Full/2 Half
1917
0.5%
0.28 Acres
Gas Water Heater, Public Water Service
Stone, Mixed
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Keller Williams Realty Wilmington, (302) 299-1100
This content last refreshed on 5/28/2024 1:18 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.