2,000 sqft

$399,000

103 W PINE STREET, GEORGETOWN DE, 19947

Price per sqft$199.50

Built in1792

Property size2,000 sqft

Property typeCommercial

Overview

Active

Active-bright

Listed Sep 25, 2026

Updated 5 days ago

Great investment opportunity in the heart of Sussex County. 2 story farmhouse in excellent condition, currently used as a professional office space with 5 offices, one full bathroom, one half bathroom, a conference room and full kitchen with new lease producing $39k per year in income. Zoned UR 1 in the town limits of Georgetown with conditional use approval. Currently leased for two more years (1/1) to long term tenant. Tenant pays all utilities. Landlord pays Insurance and Taxes. 10% Cap rate. ADA accessible. Baseboard radiator with furnace and mini splits for heat. Central AC with two outdoor units just purchased in 2021. Older building with many updates to include floors, roof, HVAC and windows. Currently parking for 6 vehicles with storage garage and plenty of room to grow. Terrific location one block off the circle in Georgetown.

Additional information

MLS^® ID: DESU2121280

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.37 Acres

Other Property Details

Taxes: $1,000
Tax Frequency: Annually

Listed by Patterson-Schwartz-Rehoboth
Listing Contact: 3023812504

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 10/2/2026 at 12:51 AM UTC

Side