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8 Commonwealth Ave, 
Claymont, DE 19703

$1,999,999


18

Beds


—

Bath


11,500

Sq Ft


Multi-Family

Active

Listed by

Matthew Lenza

Real Broker LLC.

Last updated:

May 1, 2025, 02:04 PM

MLS#

DENC2077202

Source:

BRIGHTMLS

About This Home

8 Commonwealth Ave

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.

Home Facts

Multi-Family

18 Bedrooms

Built in 1917

Price Summary

1,999,999

$173 per Sq. Ft.

MLS #:

DENC2077202

Last Updated:

May 1, 2025, 02:04 PM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

18


Structure

Structure

Architectural Style:

Contemporary, Converted Dwelling, Traditional

Building Area:

11,500 Sq. Ft.

Year Built:

1917


Lot

Lot Size (Sq. Ft):

12,196


Finances & Disclosures

Finances

Price:

$1,999,999

Price per Sq. Ft:

$173 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright MLS All rights reserved.

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