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11027 Delaware Ave - Former Oneal Hardware Site 1.38 Acres of Commercial Land Offered at $1,549,000 in Laurel, DE 19956



Executive Summary
This exceptional commercial property presents a unique investment opportunity for discerning investors or owner-occupiers seeking to expand their portfolio. Spanning an expansive 1.38 acres, this property is strategically designed and located on a corner of a 4-way intersection on one of Delaware's most strategic highways. The property has main office 1,920 +/- SF and 4 other small offices with one bath. The warehouse consists of 4,320 +/- SF with drive in door. The property is situated in a location with significant growth potential, making it an ideal candidate for various commercial ventures. The absence of specific transportation constraints enhances accessibility, allowing for seamless connectivity to major thoroughfares and local amenities. This advantageous positioning not only increases foot traffic but also enhances visibility, which is crucial for any business operation. Investors will appreciate the flexibility this property offers. The current layout can accommodate a variety of commercial uses, providing the potential for diverse revenue streams. The ample parking lot ensures convenience for both employees and clients, further enhancing the property's appeal. With no association fees or restrictive covenants, investors have the freedom to maximize their return on investment without the burden of additional costs. The property's condition is well-maintained, allowing for immediate occupancy or the opportunity for renovations to increase value and tailor the space to specific business needs. The commercial real estate market continues to show resilience and growth, making this property a timely investment. The potential for appreciation in value, coupled with the ability to generate consistent rental income, positions this property as a lucrative asset. Investors can capitalize on the increasing demand for commercial spaces in the area, ensuring a strong return on investment. In summary, this commercial property offers a compelling opportunity for investors looking to diversify their holdings. With its strategic location, flexible usage options, and potential for significant returns, this property is poised to deliver both immediate and long-term financial benefits. Don't miss the chance to secure a valuable asset in a thriving market.
Property Facts
| Price | $1,549,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.38 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | CB - Commercial Business | ||
| Price | $1,549,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.38 AC |
| Opportunity Zone |
Yes |
| Zoning | CB - Commercial Business |
1 Lot Available
Lot
| Price | $1,549,000 | Lot Size | 1.38 AC |
| Price Per AC | $1,122,463.77 |
| Price | $1,549,000 |
| Price Per AC | $1,122,463.77 |
| Lot Size | 1.38 AC |
1.38 +/- AC with two buildings.
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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