Listing Agency: LMT Commercial Realty / CORFAC International

Listed By: Chris Moore, CCIM Show Phone

Source: Lmtcre

Added: Jul 18 Changed: Oct 6 Last Checked: Oct 23 at 5:26AM

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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 LMT Commercial Realty / CORFAC International

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Investment Insights

Based on property information with market context.

This development land offering totals 1.63 +/- acres and includes existing rental income through a billboard lease. The billboard lease is currently generating $4,800 in annual rental income, providing immediate cash flow while planning and approvals are pursued.

The cell phone tower lease has been terminated, which may allow for greater flexibility for future site development.

Best suited for owner-users or developers seeking a property with in-place income to help offset holding costs during the development timeline.

Key Highlights

• 1.63 +/- acre development property with an active billboard lease
• Billboard lease generates $4,800 in annual rental income
• Cell phone tower lease has been terminated, offering greater flexibility for future development

Property Analytics

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Suggested Use

Top Pick Big Box & Wholesale Store Plumbing Service Building Supply Storage Facility (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

38

Businesses Nearby

Explore this area Business Placement

Demographics for 19734, DE

14,116

Population

4,689

Households

3

Avg Household Size

39

Median Age

33%

College-Educated

95%

High-School Grad

79.9 sq mi

ZIP Area

177

Density / Sq Mi

$131,745

Median Household Income

$63,998

Median Earnings

$1,342

Median Rent

$426,300

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - A 1.63-acre development property with an active billboard lease generating annual rental income.

Where is this commercial land located?

The property is located at 6396 Summit Bridge Rd Townsend, DE.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: 1.63 +/- acre development property with an active billboard lease; Billboard lease generates $4,800 in annual rental income; Cell phone tower lease has been terminated, offering greater flexibility for future development