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Route 24 25.9 Acres of Residential Land Offered at $4,250,000 in Millsboro, DE 19966
Investment Highlights
- Tremendous Market Growth both Residential and Commercial - Delaware Beach Market
- Engineered Plans for Self-Storage/Residential Apartment Complex
- Dual-Zoned Property allowing for up to 150,000sf of Commercial & 140 Residential Units
Property Facts
1 Lot Available
Lot
| Price | $4,250,000 | Lot Size | 25.90 AC |
| Price Per AC | $164,092.66 |
| Price | $4,250,000 |
| Price Per AC | $164,092.66 |
| Lot Size | 25.90 AC |
Front 8.26ac fronting Route 24 Zoned C-3 (Sussex County, up to 150,000sf of commercial space) Rear 17.64ac zoned MR with Conditional Use for 8-units/ac (Sussex County, up to 140 units)
Description
Amazing opportunity to purchase +/-26ac of land with substantial frontage along Route 24 (John J Williams Highway). Take advantage of the dual-zoning of this property with the front 8.27ac zoned C-3 (allowing up to 150,000sf) and remaining 17.63ac zoned MR with conditional use for 8-units/acre (141-units). Previously approved for a Self Storage building and apartment complex, full engineered plans are in place including DelDOT entrance approval letter. Tremendous residential and commercial growth is occurring all around this site which is well positioned directly across from Harris Teeter and the Back Bay Shopping Center.
Contact the Sale Advisor
Route 24