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    13 Rte Greenwood, DE 19950

    For Sale
    $290,000

    High-traffic location, ideal for new business.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 2.24-acre commercial lot presents a compelling investment opportunity in the thriving Greenwood, Delaware market. Strategically situated directly on Route 13, this property benefits from significant daily traffic volume, ensuring high visibility for any future development. The surrounding area is experiencing robust commercial growth, indicating a strong potential for return on investment. The expansive acreage offers ample space for a variety of commercial ventures, from retail establishments to light industrial uses. The location's proximity to Route 13 provides easy access to major transportation arteries, facilitating convenient commutes for employees and customers alike. This prime location offers significant advantages for businesses seeking to establish a presence in a dynamic and rapidly developing commercial corridor. The property's size and location make it suitable for a wide range of commercial uses, presenting a unique opportunity for entrepreneurs and investors alike to capitalize on the area's growth trajectory. The high traffic count and surrounding new businesses create a synergistic environment, promising a strong foundation for future success. This is a rare opportunity to acquire a substantial commercial parcel in a prime location with significant growth potential. Don't miss out on this chance to secure a piece of Greenwood's burgeoning commercial landscape.

    Property Features for 13 Rte

    General Information

    Property type
    Other commercial real estate
    Lot Size
    97,574 SF

    Building Details

    Year Built
    2022
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Greenwood
    County
    Sussex
    State
    Delaware
    Longitude
    -75.5888
    Latitude
    38.818

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, ideal for new business.
    Where is this commercial real estate located?
    The property is located at 13 Rte Greenwood, DE.
    What is the asking price?
    The asking price for this property is $290,000.
    (302) 724-4310
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    13 Rte 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
    13 Rte Greenwood, DE 19950
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