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    12771 Sussex Hwy Rte Greenwood, DE 19950

    For Sale
    $799,000

    22 Acres, Route 13, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 22.25-acre commercial parcel presents a remarkable investment opportunity in Greenwood, Delaware. Strategically located on Route 13, Sussex Highway E, this property boasts unparalleled visibility and accessibility for businesses seeking high traffic exposure. The land is ideally suited for a wide range of commercial developments, including high-density housing, fast-food restaurants, strip malls, or a shopping center. The possibilities are virtually limitless, given the significant acreage and prime location. Existing infrastructure includes an entrance access road and a completed stormwater management system, streamlining the development process and reducing upfront costs. The property's availability of water and sewer services further enhances its appeal to potential developers. This is a rare chance to acquire a substantial commercial tract in a thriving area with significant growth potential. Owner financing options are available, making this an even more attractive proposition for qualified buyers. Don't miss this exceptional opportunity to secure a prominent location on a major Delaware highway. Contact us today to learn more about this exciting development prospect.

    Property Features for 12771 Sussex Hwy Rte

    General Information

    Property type
    Other commercial real estate
    Lot Size
    969,210 SF

    Building Details

    Year Built
    2023
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Greenwood
    County
    SUSSEX
    State
    Delaware
    Longitude
    -75.58494
    Latitude
    38.80296

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    FAQs

    What type of property is this?
    Commercial real estate - 22 Acres, Route 13, High Visibility
    Where is this commercial real estate located?
    The property is located at 12771 Sussex Hwy Rte Greenwood, DE.
    What is the asking price?
    The asking price for this property is $799,000.
    (302) 645-4800
    Request Owner's contact information
    12771 Sussex Hwy Rte Greenwood, DE 19950
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    Greenwood, DE 19950
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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
    12771 Sussex Hwy Rte Greenwood, DE 19950
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