72
$324,999
4 bd · 4 ba · 1,400 sqft
506 S Spinnaker Ln, Milton, DE
Dustin Oldfather · Compass
86 days on Realty
—
Building
10,890 sqft
Lot
1989
Built
**Prime Waterfront Commercial Opportunity in Historic Downtown Milton** Position your business in one of Delaware's most desirable waterfront destinations at 109 Union Street – Downstairs Back Unit, a highly visible commercial space. Offering approximately 1,815 square feet of interior space along with an exceptional waterfront outdoor dining area accommodating approximately 13 tables and seating for up to approximately 54 guests, this property presents a rare opportunity in the heart of Historic Downtown Milton. While the space is currently configured as a restaurant, the possibilities extend far beyond food service. Whether you envision a café, brewery taproom, wine bar, boutique retail experience, specialty market, professional office, wellness concept, creative studio, event venue, or another unique business, this flexible waterfront location provides the setting to bring your vision to life. Located along the scenic Broadkill River, customers and guests can enjoy beautiful waterfront views while being just steps from Milton's vibrant downtown shops, restaurants, breweries, parks, community events, and year-round foot traffic. The combination of indoor space, outdoor seating, and one of the area's most desirable locations creates an environment that is difficult to replicate elsewhere. The lease is offered as a Triple Net (NNN) lease, with rental pricing thoughtfully established based on comparable commercial properties in Milton and surrounding markets, taking into consideration the property's generous interior square footage, valuable outdoor seating area, and premier waterfront setting. The owner is open to discussing business concepts and welcomes creative ideas for the space and is requesting letters of intent be submitted. Exterior improvements or modifications may be considered but must first receive landlord approval before being submitted for any required approvals through the Town of Milton and the Historic Preservation Comittee. Due to existing waterfront setbacks and property line requirements, expansion beyond the current footprint may be limited. Tenant is responsible for their portion of the property taxes, insurance, and tenant must hold separate flood insurance policy. Lease terms are available for qualified tenants, with terms of up to five years, while longer lease options may be considered through additional discussion. If you've been searching for a signature waterfront location where your business can thrive, this is an opportunity to establish yourself in one of coastal Delaware's most charming and growing downtown communities. Bring your vision and discover why the opportunities at 109 Union Street are truly endless. Space is currently rented, please do not enter property without listing agent and a confirmed appointment. Rental Term can not begin any sooner then mid January 2027.
Listing agent
Julie Gritton
Courtesy of Coldwell Banker Premier - Lewes
(302) 645-1111
Bright MLS · Listing DESU2116108
Within 2 miles of this home: 11 restaurants and cafés, 1 grocery store, and 5 parks and green spaces.
Place data from OpenStreetMap.
The Doughbar
American restaurant · Union Street
Irish Eyes Pub & Restaurant
Union Street
King's Homemade Ice Cream Shops
Union Street
Milton Home Coffee Roastery
Lavinia Street
The Backyard
Broadkill Road
Po' Boys Cajon Restaurant
Gilignas
McDonald's
Broadkill Road
Food Lion
Broadkill Road
Milton Memorial Park
Governor's Walk
Mill Park
Wagamons Pond
Diamond Pond
Bright MLSThis content last refreshed on 2026-10-31 00:57:02 UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
72
$324,999
4 bd · 4 ba · 1,400 sqft
506 S Spinnaker Ln, Milton, DE
Dustin Oldfather · Compass
Price Reduced69$489,900
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