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    Coastal Hwy & Wilkins Rd Lincoln, DE 19963

    Sponsored
    For Sale
    $4,680,000

    9 Acres, C-3 Zoning, Coastal Hwy Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional 9-acre commercial land parcel presents a significant investment opportunity in Milford, Delaware. Strategically located at the intersection of Coastal Highway and Wilkins Road, this property boasts high visibility and convenient access to major transportation routes. The parcel is zoned C-3, allowing for a wide range of commercial development possibilities. With a total acreage of approximately 9 acres, this expansive site offers ample space for various projects, from retail centers and restaurants to office buildings and light industrial uses. The property's prime location within the thriving Milford commercial corridor ensures strong potential for future growth and return on investment. The assessed parcel number is 330-11.00-70.03. This exceptional offering is priced at $4,680,000 and presents a rare chance to acquire a substantial commercial land holding in a desirable Delaware location. Serious inquiries are encouraged to explore the full development potential of this remarkable property. The property is situated in Sussex County, Delaware, with a zip code of 19963. The coordinates are 38.872596 latitude and -75.3544455 longitude.

    Property Features for 0 Coastal Hwy & Wilkins Rd

    General Information

    Property type
    Land
    Lot Size
    392,040 SF

    HighLights

    • 9.0‑acre parcel
    • Tax ID: 330‑11.00‑70.03
    • C‑3 Zoning
    • Asking Price: $4,680,000
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lincoln
    County
    Sussex
    State
    Delaware
    Longitude
    -75.3544455
    Latitude
    38.872596

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    FAQs

    What type of property is this?
    Land - 9 Acres, C-3 Zoning, Coastal Hwy Frontage
    Where is this land located?
    The property is located at Coastal Hwy & Wilkins Rd Lincoln, DE.
    What is the asking price?
    The asking price for this property is $4,680,000.
    What are key features of this property?
    This property features: 9.0-acre parcel; Tax ID: 330-11.00-70.03; C-3 Zoning
    (302) 674-3400
    Request Owner's contact information
    Coastal Hwy & Wilkins Rd Lincoln, DE 19963
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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
    Coastal Hwy & Wilkins Rd Lincoln, DE 19963
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