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    30656 Gull Point Rd Millsboro, DE 19966

    Sponsored
    For Sale
    $2,600,000

    Boat, RV & Camper Storage Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity encompasses 14.34 acres of fully entitled land in Millsboro, Delaware, ideally situated less than a mile from a public boat ramp. The property is meticulously planned for 420 parking spaces and 2,400 square feet of self-storage units, catering to boat, RV, and camper owners. Its strategic location near Delaware Route 24, Emily Gut, and "the Peninsula" offers unparalleled access to waterways and scenic routes. The site is fully engineered and ready for development, presenting a turnkey solution for investors seeking a high-demand coastal storage facility. The asking price is $2,600,000. This property represents a rare chance to capitalize on the growing demand for recreational vehicle storage in a prime Delaware coastal location. The fully entitled nature of the land significantly reduces development hurdles and accelerates the path to profitability. The proximity to a public boat ramp ensures high visibility and accessibility for potential customers. This is a compelling investment opportunity with significant potential for strong returns.

    Property Features for 30656 Gull Point Rd

    General Information

    Property type
    Self storage facilities

    HighLights

    • 14.34‑acre site, fully entitled for development.
    • 420‑space parking area and 2,400 SF of self‑storage space, fully engineered.
    • Coastal Delaware location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Kitchen & Bath Storage Facility Bar & Pub Garden Center Electrical Service Electronics Store Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Millsboro
    County
    Sussex
    State
    Delaware
    Longitude
    -75.212990916942
    Latitude
    38.599881249132

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    FAQs

    What type of property is this?
    Self storage facility - Boat, RV & Camper Storage Investment
    Where is this self storage facility located?
    The property is located at 30656 Gull Point Rd Millsboro, DE.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: 14.34-acre site, fully entitled for development.; 420-space parking area and 2,400 SF of self-storage space, fully engineered.; Coastal Delaware location.
    Request Owner's contact information
    30656 Gull Point Rd Millsboro, DE 19966
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    Millsboro, DE 19966
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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
    30656 Gull Point Rd Millsboro, DE 19966
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