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    235 Mitchell St Millsboro, DE 19966

    Sponsored
    For Lease
    Contact for pricing

    Prime Sussex County land for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land parcel presents a unique investment opportunity in the thriving town of Millsboro, Delaware. Located at 235 Mitchell Street, this property offers two potential development sites, one approximately 1 acre and another approximately 3.7 acres. The land is zoned UB-Urban Business, providing flexibility for a variety of commercial uses. Its strategic location near the busy DuPont Highway (Route 113) ensures high visibility and accessibility, making it ideal for businesses seeking a prominent presence in a rapidly growing area. Millsboro is experiencing significant expansion, making this a particularly attractive location for long-term investment. The property's APN is 133-17.00-72.00, and it's situated in Sussex County, Delaware, with a zip code of 19966. The total acreage ranges from 1 to 4.7 acres, offering options for single-tenant or multi-tenant development. This is a single-tenancy property, perfect for a business seeking a substantial footprint in a high-growth market. The property's location offers excellent access to major transportation routes, making it a convenient location for employees and customers alike. This presents a rare chance to acquire land in one of Delaware's most dynamic commercial areas. Serious inquiries are encouraged to explore the possibilities of ground lease or joint venture development.

    Property Features for 235 Mitchell St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • High‑profile location adjacent to Lewes Dairy.
    • Excellent street visibility and convenient access.
    • Concept plans available for office or medical 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
    -75.2888907
    Latitude
    38.5835892

    Nearby Comparable

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    Nearby Similar for Lease

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      Millsboro Retail Space Available

      Retail space available for lease in Millsboro, Delaware.
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    FAQs

    What type of property is this?
    Land - Prime Sussex County land for development.
    Where is this land located?
    The property is located at 235 Mitchell St Millsboro, DE.
    What are key features of this property?
    This property features: High-profile location adjacent to Lewes Dairy.; Excellent street visibility and convenient access.; Concept plans available for office or medical development.
    Request Owner's contact information
    235 Mitchell St 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
    235 Mitchell St Millsboro, DE 19966
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