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    Us Rte 13 & Jerome Dr Dover, DE 19901

    Sponsored
    For Sale
    Contact for pricing

    51 acres, R-3 zoning, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Cheswold Village presents a unique 51.13-acre development opportunity in Kent County, Delaware. This commercially zoned (R-3) parcel boasts exceptional visibility and accessibility, situated at the signalized intersection of US Route 13 and Jerome Drive. Its strategic location directly behind a newly constructed Walmart Supercenter and adjacent to other commercial properties ensures high traffic and strong potential for future growth. The property is already annexed into the Town of Cheswold, offering immediate access to municipal services. Utilities are readily available on-site, simplifying the development process. With its R-3 zoning, this land is ideally suited for a variety of commercial uses, offering significant potential for investors and developers. Preliminary estimates suggest the site could accommodate approximately 102 single-family residential lots, making it an attractive option for residential development as well. The property's size, location, and zoning regulations combine to create a compelling investment opportunity in a rapidly growing area of Delaware, just north of Dover. The address is US Route 13 & Jerome Drive, Cheswold, DE 19901.

    Property Features for 0 Us Rte 13 & Jerome Dr

    General Information

    Property type
    Land
    Lot Size
    2,227,223 SF

    HighLights

    • 51.13‑acre commercially zoned (R‑3) development site in Cheswold, DE.
    • High visibility at the signalized intersection of US Route 13 and Jerome Drive.
    • Located behind a new Walmart Supercenter, ensuring high traffic counts.
    • Annexed into Cheswold, with readily available utilities.
    • Suitable for various commercial uses, with potential for approximately 102 single‑family residential lots.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.5734548
    Latitude
    39.217326

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    FAQs

    What type of property is this?
    Land - 51 acres, R-3 zoning, high visibility.
    Where is this land located?
    The property is located at Us Rte 13 & Jerome Dr Dover, DE.
    What are key features of this property?
    This property features: 51.13-acre commercially zoned (R-3) development site in Cheswold, DE.; High visibility at the signalized intersection of US Route 13 and Jerome Drive.; Located behind a new Walmart Supercenter, ensuring high traffic counts.
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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
    Us Rte 13 & Jerome Dr Dover, DE 19901
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