Emory Hill Facilitates $1.025 Million Purchase of Mixed-Use Building in Middletown, DE

New Castle, DE – January 9, 2025 – NAI Emory Hill, a member of the world’s premier network of commercial real estate firms, is pleased to announce the sale of a 10,166-square-foot commercial building located at 423 North Broad Street in Middletown, Delaware. Rich Dudek, SIOR, represented the buyer, FourFields, LLC, in this transaction. The property sold for a total transaction value of $1,025,000.

Built in 1900, this mixed-use building is situated on a 0.29-acre parcel and serves as a cornerstone of the Middletown community. The building currently houses one well-established tenant: 1861 Restaurant, a popular dining destination offering seasonal Southern dishes and a bourbon bar. The buyer plans to relocate their concierge medical and advanced wellness practice, Advanced Family Care, to the building. This practice, owned by Dr. Flaveé Banfield, is already established in Middletown. 

The buyer also plans to renovate the building inside and out, preserving its charm and curb appeal while modernizing it where needed for the current tenant and their future home.

About NAI Emory Hill

NAI Emory Hill is a full-service commercial real estate, construction, property management, and maintenance company serving clients across Delaware and the Mid-Atlantic region. With over 40 years of experience, NAI Emory Hill brings in-depth market knowledge, regional expertise, and an integrated service approach that supports clients at every stage of the real estate cycle.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com