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    13 Of Iron Hl Rd Delmar, DE 19940

    For Sale
    Contact for pricing

    Highway Commercial lots, Delaware. Excellent investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional commercial land offering presents a unique investment opportunity in Delmar, Delaware. The property consists of two parcels strategically located along Route 13, a major thoroughfare. One parcel, encompassing approximately 2.5 acres, is situated on the southbound lane of Route 13, offering high visibility and convenient access for businesses. Its proximity to U.S. 13 Dragway and Delaware International Speedway provides significant potential for attracting customers. The second parcel, significantly larger at approximately 17.5 acres, is located on the northbound lane of Route 13, providing ample space for development. Both parcels are zoned as Highway/Regional Commercial District within the Town of Delmar, allowing for a wide range of commercial uses. Investors have the option to purchase either parcel individually – the 2.5-acre parcel for $225,000 or the 17.5-acre parcel for $400,000 – or acquire both for a combined total of over 20 acres for $500,000. This presents a compelling opportunity to secure a substantial land holding in a high-traffic location with significant development potential. The property's location in Sussex County, Delaware, and its proximity to major roadways ensures excellent accessibility and visibility. This is an ideal investment for developers seeking to capitalize on the growing commercial landscape in this dynamic area.

    Property Features for 13 Of Iron Hl Rd

    General Information

    Property type
    Land
    Lot Size
    108,900 SF

    HighLights

    • 2.5‑acre parcel: $225,000 sale price.
    • 17.5‑acre parcel: $400,000 sale price.
    • Combined 20‑acre offering: $500,000 sale price.
    • Highway/Regional Commercial zoning (Town of Delmar).
    • 2.5‑acre parcel fronts southbound Route 13, near U.S. 13 Dragway and Delaware International Speedway.
    • 17.5‑acre parcel fronts northbound Route 13.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Delmar
    County
    Sussex
    State
    Delaware
    Longitude
    -75.5518887
    Latitude
    38.4779018

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    FAQs

    What type of property is this?
    Land - Highway Commercial lots, Delaware. Excellent investment.
    Where is this land located?
    The property is located at 13 Of Iron Hl Rd Delmar, DE.
    What are key features of this property?
    This property features: 2.5-acre parcel: $225,000 sale price.; 17.5-acre parcel: $400,000 sale price.; Combined 20-acre offering: $500,000 sale price.
    (302) 674-3400
    Request Owner's contact information
    13 Of Iron Hl Rd Delmar, DE 19940
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    Delmar, DE 19940
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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
    13 Of Iron Hl Rd Delmar, DE 19940
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