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    Sussex Hwy Greenwood, DE 19950

    For Sale
    $490,000

    12.94 Acres, AR1 Zoning, $490,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 12.94-acre commercial land parcel presents a unique investment opportunity in Greenwood, Delaware. Located on Sussex Highway, this property boasts a highly desirable AR1 zoning designation, opening doors to a variety of commercial development possibilities. The expansive lot size offers ample space for substantial projects, catering to diverse business needs. Situated in Sussex County, Delaware, with a zip code of 19950, this location provides convenient access to major transportation routes and a thriving local community. The asking price for this prime commercial land is $490,000. Detailed site surveys and zoning information are readily available upon request. This is an ideal opportunity for developers, investors, or businesses seeking to establish a significant presence in a strategic Delaware location. The property's size and zoning make it suitable for a wide range of commercial ventures, promising strong potential for future growth and return on investment. Don't miss this chance to acquire this exceptional commercial land parcel in a rapidly developing area. Contact us today to learn more and schedule a site visit.

    Property Features for 0 Sussex Hwy

    General Information

    Property type
    Land
    Lot Size
    563,666 SF

    HighLights

    • 12.94+/- Acres of commercial land
    • AR‑1 Zoning
    • $490,000 Sale Price
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Greenwood
    County
    Sussex
    State
    Delaware
    Longitude
    -75.5898915
    Latitude
    38.7934715

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    FAQs

    What type of property is this?
    Land - 12.94 Acres, AR1 Zoning, $490,000
    Where is this land located?
    The property is located at Sussex Hwy Greenwood, DE.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: 12.94+/- Acres of commercial land; AR-1 Zoning; $490,000 Sale Price
    (302) 674-3400
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    Sussex Hwy Greenwood, DE 19950
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    Greenwood, DE 19950
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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
    Sussex Hwy Greenwood, DE 19950
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