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    16 Rte Milton, DE 19966

    Sponsored
    For Sale
    Contact for pricing

    New Construction, Prime Route 16 Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    Cedar Creek Business Park offers exceptional warehouse/office condo opportunities in Milton, DE. This new development comprises 46 units, each featuring first-floor warehouse space with a convenient roll-up door and a second-floor walk-up office area. Units are designed to be flexible, allowing for combinations to create spaces up to 10,000 square feet, catering to a variety of business needs and sizes. The park's strategic location on Route 16, a major east-west thoroughfare, provides excellent accessibility. Route 16 connects the Delaware beaches to inland areas, offering convenient access for both local businesses and those serving the significant tourist population. The property enjoys high visibility and is situated just three miles west of Coastal Highway (Route 1) and the intersection of Route 16 and Route 5. Adding to its appeal, the Milton Park Center, home to popular retailers such as Food Lion, Walgreens, and Family Dollar, is directly across Union Street, ensuring high foot traffic and convenient amenities for employees and customers. This development presents a unique opportunity to establish a presence in a thriving commercial area with strong potential for growth and visibility. The combination of warehouse and office space makes these units ideal for a variety of businesses seeking a functional and well-located space.

    Property Features for 16 Rte

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    2022
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Milton
    County
    Sussex
    State
    Delaware
    Longitude
    -75.30534
    Latitude
    38.59319

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    FAQs

    What type of property is this?
    Commercial real estate - New Construction, Prime Route 16 Location
    Where is this commercial real estate located?
    The property is located at 16 Rte Milton, DE.
    (302) 227-0768
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    16 Rte Milton, DE 19966
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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
    16 Rte Milton, DE 19966
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