Welcome to the Spruance House! This is a rare opportunity to own a mixed use building in the heart of Trolley Square. This property features professional office space on the ground level, plus 5 apartments above. This Second Empire Victorian home was built in 1878 by William Corbit Spruance, a Delaware State Supreme Court Justice. The Spruance House is a Nationally Registered Historic Property eligible for State and Federal Historic Tax Credits, as well as State and Federal Grants. The first floor is currently occupied by Design Collaborative, Inc. who have been tenants in this location for over 30 years. There are 3 1-bedroom apartments on the second floor and 2 studio apartments on the third floor, one of which has a loft. Including the parking lot, this property currently generates over $113,000 income annually. Because of current market conditions and the exquisite nature of this property, it is likely that the final sales price will exceed the current listing price - please advise your clients accordingly.
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