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    129 Washington St Millsboro, DE 19966

    For Sale
    $245,000

    Prime Millsboro land, ideal for business.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.32-acre commercial lot in Millsboro, Delaware, is priced at $245,000. Located at 129 Washington Street, this property boasts a highly desirable Urban Business zoning designation, allowing for a wide range of commercial uses. The lot's strategic location in the heart of Millsboro, Sussex County's 2019 growth leader, ensures high visibility and significant traffic exposure, with an Annual Average Daily Traffic count of 19,770 vehicles in 2022. Its proximity to coastal attractions like Rehoboth Beach (19 miles) and Bethany Beach (15 miles) adds further appeal. The property benefits from the recent consolidation of two parcels, resulting in a larger, more versatile lot. Permitted uses under the Urban Business zoning include, but are not limited to, grocery stores, banks, restaurants, and sporting goods stores. The town offers ample free parking, and town water and sewer hookups are available. This property presents a unique investment opportunity for businesses seeking a prominent location in a thriving Delaware community. The lot is situated across from the Post Office, Dairy Queen, and the new Police Station, further enhancing its visibility and accessibility. Potential mixed-use development, combining retail and residential space, is also a possibility. This is a rare chance to acquire a well-positioned commercial lot in a rapidly growing area. Don't miss this chance to establish your business in a prime location.

    Property Features for 129 Washington St

    General Information

    Property type
    Land
    Lot Size
    13,939 SF

    HighLights

    • 0.32‑acre commercial lot in Millsboro, DE, priced at $245,000.
    • Located at 129 Washington Street, with Urban Business zoning allowing diverse commercial uses.
    • High visibility and traffic (19,770 AADT in 2022), near Rehoboth & Bethany Beaches.
    • Consolidated lot, offering versatility; town water & sewer available.
    • Prominent location across from Post Office, Dairy Queen, and new Police Station; potential for mixed‑use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Millsboro
    County
    Sussex
    State
    Delaware
    Longitude
    -75.2930394342
    Latitude
    38.589687140942

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    FAQs

    What type of property is this?
    Land - Prime Millsboro land, ideal for business.
    Where is this land located?
    The property is located at 129 Washington St Millsboro, DE.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: 0.32-acre commercial lot in Millsboro, DE, priced at $245,000.; Located at 129 Washington Street, with Urban Business zoning allowing diverse commercial uses.; High visibility and traffic (19,770 AADT in 2022), near Rehoboth & Bethany Beaches.
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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
    129 Washington St Millsboro, DE 19966
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