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8 Commonwealth Avenue,  Claymont DE, 19703

(Active)
$1,999,999
|
16 beds, 8 Full/2 Half baths, 11,500 sqft
|
MLS# DENC2057894
Last Updated: 6/1/2024 8:14 AM
Description for 8 Commonwealth Avenue Claymont, DE 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.
Price
$1,999,999
OVERLOOK COLONY
NEW CASTLE
16
8 Full/2 Half
11,500 (approx)
DENC2057894
Active
Description
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.
Listing Information
Property Type: Single Family, Contemporary, Traditional, 3+ Story
16 8 Full/2 Half
0.28 Acres 11,500 (approx) 1917
3 Stone
OVERLOOK COLONY
Public
Public Sewer
Neighborhood
School Information
District: BRANDYWINE
Room Information
Bathrooms
8 2
Interior Features
8,500 Sq. Ft. Above Ground ,3,000 Sq. Ft. Below Ground
Hardwood
Central Air
Gas Heat
Exterior / Lot Features
On Street
Stone
Slate
120.00 x 100.00
Driving Directions
Its right off of Route 13. Turn right if you came off of 495, Building is first one in from the corner. You can't miss it.
Financial Considerations
06-084.00-439
$5,600
Listing Price History

Claymont Real Estate

Claymont is located in Delaware. Claymont, Delaware 19703 has a population of 8,711.

The median household income in Claymont, Delaware 19703 is $61,028. The median household income for the surrounding county is $76,362 compared to the national median of $66,222. The median age of people living in Claymont 19703 is 39 years.

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Courtesy: Keller Williams Realty Wilmington
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 6/1/2024 8:14 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.

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