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    12500 Sussex Hwy Greenwood, DE 19950

    For Sale
    $750,000

    Prime Delaware Retail Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5.4-acre parcel is ideally situated on the southbound side of Sussex Highway (US Route 13) in Greenwood, Delaware. Located within the city limits, this property benefits from a business-friendly environment and offers significant potential for retail development. The convenient location on a major thoroughfare ensures high visibility and accessibility for customers. The asking price is $750,000. Public water and sewer services are readily available, simplifying the development process and reducing infrastructure costs. The property's APN is 1102600016. This land presents a unique opportunity for investors and developers seeking a prime location for a retail establishment in a growing Delaware community. The expansive lot size allows for considerable flexibility in design and development, accommodating a variety of retail concepts. Its strategic placement on US Route 13 guarantees substantial traffic flow, maximizing exposure and potential customer reach. This is a rare opportunity to acquire a well-positioned retail pad in a desirable location. The address is 12500 Sussex Highway, Greenwood, DE 19950. The property is conveniently located in Sussex County.

    Property Features for 12500 Sussex Hwy

    General Information

    Property type
    Land
    Lot Size
    235,224 SF

    HighLights

    • $750,000 asking price.
    • 5.4‑acre land parcel.
    • Located at 12500 Sussex Highway, Greenwood, DE 19950 (APN: 1102600016).
    • Retail pad site on US Route 13 (Sussex Highway).
    • Located within Greenwood city limits; business‑friendly environment.
    • Public water and sewer available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Auto Repair Shop Clothing Store Building Supply Gym & Fitness Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Sussex
    State
    Delaware
    Longitude
    -75.5851116
    Latitude
    38.8131927

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    FAQs

    What type of property is this?
    Land - Prime Delaware Retail Lot
    Where is this land located?
    The property is located at 12500 Sussex Hwy Greenwood, DE.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price.; 5.4-acre land parcel.; Located at 12500 Sussex Highway, Greenwood, DE 19950 (APN: 1102600016).
    Request Owner's contact information
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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
    12500 Sussex Hwy Greenwood, DE 19950
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