$1,999,999
Beds:
16
Baths:
8 full, 2 half
Sqft:
11,500
Sqft lot:
12,196
Acre lot:
0.28
165 Days On Market -
Courtesy of Matt Lenza, Crown Homes Real Estate info@lenzateam.com
Status:
Active
Property Type:
Single Family Residential
Year Built:
1917
Neighborhood:
Overlook Colony
Days On Website:
165
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.
Features
Basement
- 95.0 % finished
- Combination
Bathrooms
- 10 total bathrooms
- 10 bathrooms on main level
- 8 full bathrooms
- 8 full bathrooms on main level
- 2 half bathrooms
- 2 half bathrooms on main level
Bedrooms
- 16 bedrooms
- 16 bedrooms on main level
Building
- 11,500 sqft living area
- 8,500 sqft above grade (finished)
- 3,000 sqft below grade (finished)
- 2,000 sqft below grade (unfinished)
- Built in 1917
- Structure Type: Detached
- 3 levels in building
- 3 levels
- Contemporary
- Converted Dwelling
- Traditional
- Stone
- Mixed
Cooling
- Central Air
- Electric
- Central A/C
Floors
- Hardwood
- Luxury Vinyl Plank
Foundation
- Permanent
Heating
- Natural Gas
Listing
- 166 days on market
- $235 per sqft
- Property SubType: Single Family Residential
Location
- County: New Castle
- MLS Area: Brandywine (30901)
- Subdivision: Overlook Colony
Lot
- 12,197 sqft
- Lot Size Dimensions: 120.00 x 100.00
- 0.28 acres
Property
- Other Structures: Above Grade,Below Grade
Roof
- Slate
Schools
- School District: BRANDYWINE
Sewer
- Public Sewer
Taxes
- City/Town Tax Pymnt Freq: Annually
- County Tax: $1,306
- County Tax Pymnt Freq: Annually
- School Tax: $4,294
- Tax Annual Amount: $5,600
- Tax Year: 2022
Utilities
- Hot Water: Natural Gas
Property Map
Map View
$1,999,999 - 8 Commonwealth Avenue, Claymont, DE 19703
Street View
Directions
8 Commonwealth Avenue
Claymont, DE 19703
County: New Castle
Nearby Schools
Local Sales
Matt Boyle
Broker/Owner
484-999-4994
mattboyle@helpusell.com
This content last updated on November 26, 2024 9:02AM.
