Commercial Land with Major Road
For Sale
$1,260,000
Pending
12423 Sussex Hwy, Greenwood, DE 19950
40+ acre commercial land parcel offering 1,000+ feet of road frontage and available town water and sewer hookups.
Property SizeContact for details
Lot Size40.00 Acres
Days on Market784
Property Features for 12423 Sussex Hwy
General Information
Standard status
Pending
Lot size
40.00 Acres
Property subtype
Land
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$549
Listing Agency:
Keller Williams Realty
Listed By:
Russell G Griffin · License #RA-0020424
(302) 856-1458
Source:
Exprealty
Added: Jul 15, 2024
Changed: Aug 20
Last Checked: Sep 6 at 12:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This 40+/- acre commercial land offering features more than 1,000 feet of road frontage on Rt. 13/Sussex Highway. Public remarks note that town water and sewer hook-up are available, which can support a wide range of development planning. The seller will also consider accepting a contract contingent upon commercial rezoning.
The property’s access and visibility are tied to its substantial frontage along Rt. 13/Sussex Highway, making it positioned for projects that benefit from direct exposure to passing traffic. Additionally, the listing is presented as a Greenwood site with development flexibility centered on the potential for commercial rezoning.
For buyers and developers, this assemblage can be a practical candidate for a future commercial use, subject to the rezoning outcome. The availability of town water and sewer hook-up provides an infrastructure starting point, while the seller’s stated willingness to consider a rezoning contingency may help align timing and underwriting for qualifying proposals.
The property’s access and visibility are tied to its substantial frontage along Rt. 13/Sussex Highway, making it positioned for projects that benefit from direct exposure to passing traffic. Additionally, the listing is presented as a Greenwood site with development flexibility centered on the potential for commercial rezoning.
For buyers and developers, this assemblage can be a practical candidate for a future commercial use, subject to the rezoning outcome. The availability of town water and sewer hook-up provides an infrastructure starting point, while the seller’s stated willingness to consider a rezoning contingency may help align timing and underwriting for qualifying proposals.
Key Highlights
- 40+/- acre commercial land parcel in Greenwood
- 1000+/- ft road frontage on Rt. 13/Sussex Highway
- Town water and sewer hookup available
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Explore this area
Business Placement
Demographics for 19950, DE
7,095
Population
3,480
Households
2
Avg Household Size
43
Median Age
19%
College-Educated
80%
High-School Grad
72.4 sq mi
ZIP Area
98
Density / Sq Mi
$74,970
Median Household Income
$39,716
Median Earnings
$1,304
Median Rent
$272,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 40+ acre commercial land parcel offering 1,000+ feet of road frontage and available town water and sewer hookups.
Where is this commercial land located?
The property is located at 12423 Sussex Hwy Greenwood, DE.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: 40+/- acre commercial land parcel in Greenwood; 1000+/- ft road frontage on Rt. 13/Sussex Highway; Town water and sewer hookup available
