0 Redden Rd Bridgeville, DE 19947
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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