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    22318 Rte S, Unit 113 Georgetown, DE 19947

    For Sale
    $2,399,000

    Undeveloped land parcel suitable for commercial and mixed-use development.

    Lot size:
    81.93 Acres

    Property Features for 22318 Rte S

    General Information

    Lot size
    81.93 Acres

    Building Details

    Year built
    1900

    Source: Berkshire Hathaway HomeServices PenFed Realty Agent SANDRA L WARE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    82 Acres on US Highway

    This 82-acre parcel is located on a major US Highway in Georgetown, Delaware. According to the comprehensive plan, this is the last and largest undeveloped parcel targeted for commercial and mixed-use development. Multi-family zoning is designated for the area along Parker Road. The property benefits from city utilities and is located within the City of Georgetown, the county seat. There is a farming lease on the open land towards Parker Road, which can be vacated. The sellers are open to offers and are willing to negotiate the price for a fast closing.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Georgetown
    County
    Sussex
    State
    Delaware
    Longitude
    -75.4022
    Latitude
    38.6752

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    FAQs

    What type of property is this?
    Commercial land - Undeveloped land parcel suitable for commercial and mixed-use development.
    Where is this commercial land located?
    The property is located at 22318 Rte S, Unit 113 Georgetown, DE.
    What is the asking price?
    The asking price for this property is $2,399,000.
    What are key features of this property?
    This property features: - 82 acres - **Last and largest undeveloped parcel** targeted for commercial and mixed-use development.; - Multi-family zoning along Parker Rd.; - All city utilities available.
    (302) 542-0900
    Request Owner's contact information
    22318 Rte S, Unit 113 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
    22318 Rte S, Unit 113 Georgetown, DE 19947
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