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    Redden Rd Bridgeville, DE 19947

    For Sale
    $2,400,000

    3 Acres, High Traffic, CR-1 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3-acre commercial land parcel presents a unique investment opportunity in Sussex County, Delaware. Located at 0 Redden Rd, Georgetown, DE 19947, this property boasts a highly desirable CR-1 zoning designation, opening doors to a variety of commercial ventures. The site's strategic location at the intersection of northbound Route 113 (Dupont Blvd) and Redden Rd ensures exceptional visibility and accessibility, benefiting from an average daily traffic count of 10,659 vehicles. A proposed site plan envisions a convenience store with gas pumps, capitalizing on the substantial traffic flow. This property represents one of the last available development sites north of Georgetown, extending towards Ellendale, making it ideally positioned to capture both northbound and southbound traffic to and from the Delaware beaches. The parcel's size, location, and zoning make it an attractive proposition for developers and investors seeking high-traffic exposure and significant growth potential. The property's APN is 135-06.00-10.00, and the asking price is $2,400,000. This is a rare opportunity to acquire a prime commercial site in a thriving Delaware market.

    Property Features for 0 Redden Rd

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • 3‑acre parcel
    • Prime Dupont Blvd & Redden Rd location
    • High traffic counts
    • CR‑1 Zoning
    • MLS# DESU2012056
    • Tax ID 135‑06.00‑10.00
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bridgeville
    County
    Sussex
    State
    Delaware
    Longitude
    -75.4747845
    Latitude
    38.7511104

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    FAQs

    What type of property is this?
    Land - 3 Acres, High Traffic, CR-1 Zoning
    Where is this land located?
    The property is located at Redden Rd Bridgeville, DE.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 3-acre parcel; Prime Dupont Blvd & Redden Rd location; High traffic counts
    (302) 236-7053
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    Redden Rd Bridgeville, DE 19947
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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
    Redden Rd Bridgeville, DE 19947
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