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Apartment-Zoned Residential Development Land

3182 Upper King Rd, Dover, DE 19904

For Sale
$3,600,000
Pending

36.26-acre parcel zoned for apartments, with water from Tidewater Utilities and on-site sewer infrastructure planned.

Property SizeContact for details
Lot Size36.26 Acres
Days on Market853

Property Features for 3182 Upper King Rd

General Information

Standard status Pending
Lot size 36.26 Acres

Additional Details

Utilities to Site Yes
Multifamily Units 300

Taxes and HOA fees

Annual Taxes $2,525
Listing Agency: Burns & Ellis Realtors
Listed By: Tom Burns · License DE RA-0031217
Source: Exprealty
Added: Jul 15, 2024 Changed: Nov 1 Last Checked: Nov 12 at 9:44AM

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 Burns & Ellis Realtors

Rey
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Investment Insights

Based on property information with market context.

This 36.26-acre development site is zoned for apartments in Camden and is being planned for multifamily density. A site plan sketch is attached showing a potential in excess of 300 apartment units.

Infrastructure planning includes sewer service to be available from an on-site pump station currently under construction. Water is available from Tidewater Utilities, and natural gas is located in the area, supporting future site development needs.

Key Highlights

  • 36.26‑acre parcel zoned for apartments in Camden
  • On‑site sewer infrastructure planned, with sewer to be available from a pump station currently under construction
  • Water service available from Tidewater Utilities

Property Analytics

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Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Real Estate Agency Garden Center HVAC Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

300
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

45
Businesses Nearby

Demographics for 19904, DE

36,880
Population
16,047
Households
2.3
Avg Household Size
38
Median Age
27%
College-Educated
91%
High-School Grad
43.2 sq mi
ZIP Area
854
Density / Sq Mi
$66,885
Median Household Income
$39,459
Median Earnings
$1,240
Median Rent
$281,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 36.26-acre parcel zoned for apartments, with water from Tidewater Utilities and on-site sewer infrastructure planned.
Where is this residential land & home lot located?
The property is located at 3182 Upper King Rd Dover, DE.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 36.26‑acre parcel zoned for apartments in Camden; On‑site sewer infrastructure planned, with sewer to be available from a pump station currently under construction; Water service available from Tidewater Utilities
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