8 Commonwealth Avenue
Claymont, DE 19703
- – beds
- – baths
- 11,500 sqft
- 12,197 sqft lot
- $173 per sqft
- 1917 build
Available now! 10 - 12 units, based on how it is broken down. 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. *** Basement unit is also coming up for rent.
Last checked:
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Last updated Mar 13, 2025
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MLS# DENC2077202 —
The Building
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Year Built:1917
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Year Built Source:Estimated
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Roof:Slate
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New Construction:No
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Construction Materials:Stone, Mixed
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Building Levels:3
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Building Units Total:4
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Structure Type:Detached
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Architectural Style:Contemporary, Converted Dwelling, Traditional
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Accessibility Features:None
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Foundation Details:Permanent
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Basement:Yes
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Basement Type:Combination
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Total SqFt Source:Estimated
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Total Below Grade SqFt:5000
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Total Below Grade SqFt Source:Estimated
Interior
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Flooring Type:Hardwood, Luxury Vinyl Plank
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:13500
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Living Area SqFt:11,500 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:Negotiable
Location
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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.
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Latitude:39.79936000
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Longitude:-75.46301000
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Units:Square Feet
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Lot Size Acres:0.28
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Lot Size Source:Estimated
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Lot Size Dimensions:120.00 x 100.00
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Lot Dimensions Source:Estimated
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Lot SqFt:12,197 Sqft
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Zoning:CN
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In City Limits:No
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (302) 285-9777
- Office phone:
- (855) 450-0442
Taxes
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Tax ID Number:06-084.00-439
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Tax Year:2022
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Tax Lot:439
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Tax Annual Amount:$5,600
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Tax Assessed Value:$158,300
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Year Assessed:2022
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School Tax:4294.0
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County Tax:1306.00
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Total Taxes Payment Frequency:Annually
The Listing
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Other
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:Brandywine
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School District Source:Listing Agent
The Community
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Subdivision Name:Overlook Colony
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Vacation Rental:No
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Single Room Units:1
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One Bedroom Units:2
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Two Bedroom Units:5
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Three Bedroom Units:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/8/25
Mar 8, 2025
|
Listed / Active | BRIGHT | $1,999,999 |