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    22967 Lewes Georgetown Hwy Georgetown, DE 19947

    For Sale
    $6,500,000

    Prime Commercial Land, High Traffic

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional offering encompasses five contiguous tax parcels (135-16.00-23.00, 135-16.00-23.01, 135-16.00-23.02, 135-16.00-23.03, 135-16.00-23.04), totaling 36.32 acres of prime commercial real estate. Strategically located in Georgetown, Delaware, this property boasts over 1,900 feet of frontage along the heavily trafficked Lewes-Georgetown Highway (Delaware Route 9), at the intersection of Steiner Road. Its advantageous position directly across from an established industrial park ensures high visibility and accessibility. The property is zoned with a mix of C-1 and CR-1 designations, allowing for a wide array of commercial uses. Given the scarcity of large commercial parcels in the area, this presents a unique opportunity for significant development. The Delaware Department of Transportation reported an average annual daily traffic count of 15,682 vehicles in 2021, underscoring the substantial potential for business success. This expansive acreage offers unparalleled potential for a variety of commercial ventures, capitalizing on its prime location and high traffic volume. The extensive list of permitted uses under the C-1 and CR-1 zoning classifications ensures flexibility for a diverse range of development plans. Don't miss this rare opportunity to acquire a significant commercial land holding in a thriving Delaware market.

    Property Features for 22967 Lewes Georgetown Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,582,099 SF

    Building Details

    Year Built
    2000
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness Auto Parts Store Kitchen & Bath Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Sussex
    State
    Delaware
    Longitude
    -75.33725
    Latitude
    38.70832

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Land, High Traffic
    Where is this commercial real estate located?
    The property is located at 22967 Lewes Georgetown Hwy Georgetown, DE.
    What is the asking price?
    The asking price for this property is $6,500,000.
    (302) 601-4171
    Request Owner's contact information
    22967 Lewes Georgetown Hwy Georgetown, DE 19947
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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
    22967 Lewes Georgetown Hwy Georgetown, DE 19947
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