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    13 Rte Delmar, DE 19940

    For Sale
    $750,000

    7.71 Acres, C-1 Zoning, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property presents a unique investment opportunity in Delmar, Delaware. The offering encompasses approximately 6.14 acres of commercially zoned land (C-1 designation) strategically situated along the southbound lanes of Sussex Highway (Route 13), just north of Iron Hill Road. This high-traffic location ensures excellent visibility and accessibility for any commercial venture. The property's zoning allows for a wide range of potential uses, making it ideal for businesses seeking a prominent presence in a growing area. The expansive acreage provides ample space for development, accommodating substantial building footprints and ample parking. Further enhancing the potential, there's an option to acquire an additional 1.57 acres for $180,000, expanding the total land area to approximately 7.71 acres. This presents a significant opportunity to secure a larger footprint for a more ambitious project. The asking price for the initial 6.14 acres is $750,000. This prime commercial land offers a compelling investment opportunity with significant potential for future growth and profitability. Serious inquiries are encouraged.

    Property Features for 13 Rte

    General Information

    Property type
    Other commercial real estate
    Lot Size
    335,848 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Delmar
    County
    Sussex
    State
    Delaware
    Longitude
    -75.564
    Latitude
    38.47

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    FAQs

    What type of property is this?
    Commercial real estate - 7.71 Acres, C-1 Zoning, High Visibility
    Where is this commercial real estate located?
    The property is located at 13 Rte Delmar, DE.
    What is the asking price?
    The asking price for this property is $750,000.
    (302) 227-0768
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    13 Rte Delmar, DE 19940
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13 Rte Delmar, DE 19940
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