Fully Leased Medical Park

Highlights

• Fully leased - Medical office park
• 2,000+ new residential lots in the works
• Highly desirable market
• Average Home Value (3 miles) = $436,446
• Future pad site for an additional 3,264 SF office building (could be excluded)

Description

The Hanna Team at SVN - Miller Commercial Real Estate is pleased to present the Milton Medical Park, a well-positioned medical office campus located in Milton, DE. The park is fully leased, consists of two existing buildings totaling 12,860+/- SF, offers multi-tenant diversification, and has an additional pad site for expansion (could be divided off). Building #1 comprises 6,250 SF and Building #2 is 6,610 SF, with both fully leased to long-standing medical office tenants. The property offers approximately 80 on-site parking spaces, multiple monument signs, and excellent accessibility. In addition, the park includes a pad site for a future +/-3,264 SF office building, providing a rare opportunity for expansion in a growing market.

With Sussex County being one of the fastest growing markets on the East Coast and with zoning & development constraints allowing for very little commercial construction to service that growth, there is strong inherent long-term value already in place.

Strategically located near downtown Milton and Route 1, and with 2,000+/- new residential homes under construction or in planning, Milton Medical Park combines visibility, accessibility, and long-term growth potential in one of Sussex County’s desirable corridors.

Note: The cap rate and price per square foot shown remove the value of the pad-site ($375,000). The seller will also consider subdividing off the pad-site and removing that from the deal. The listing price is broken down as follows: $3,600,000 for the buildings + $375,000 for the pad-site.

Located at 611 Federal Street, this investment property sits in the heart of Milton, Delaware’s walkable downtown district—one of Sussex County’s most charming and steadily revitalizing small-town markets. Federal Street is a core downtown corridor, placing the property within immediate proximity to Main Street businesses, local restaurants, breweries, boutique retailers, municipal offices, and community gathering spots that drive consistent daily activity.

The location benefits from strong local traffic, an established residential base with over 2,000 new residential lots in planning, and year-round demand that is not dependent on seasonal tourism. Its position within downtown Milton creates a true live-work-play environment that is highly attractive to tenants and supports long-term occupancy stability.

The location is also strategically positioned just minutes from Route 1, providing efficient access to Lewes, Rehoboth Beach, and the greater coastal Delaware region, while retaining Milton’s historic charm and small-town appeal. Continued public and private investment throughout downtown Milton further enhances the long-term upside of this location.

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