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    OFF-MARKET
    Land

    13 Of Iron Hl Rd, Delmar, DE 19940

    2.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial land offering presents a unique investment opportunity in Delmar, Delaware. The property consists of two parcels strategically located along Route 13, a major thoroughfare. One parcel, encompassing approximately 2.5 acres, is situated on the southbound lane of Route 13, offering high visibility and convenient access for businesses. Its proximity to U.S. 13 Dragway and Delaware International Speedway provides significant potential for attracting customers. The second parcel, significantly larger at approximately 17.5 acres, is located on the northbound lane of Route 13, providing ample space for development. Both parcels are zoned as Highway/Regional Commercial District within the Town of Delmar, allowing for a wide range of commercial uses. Investors have the option to purchase either parcel individually – the 2.5-acre parcel for $225,000 or the 17.5-acre parcel for $400,000 – or acquire both for a combined total of over 20 acres for $500,000. This presents a compelling opportunity to secure a substantial land holding in a high-traffic location with significant development potential. The property's location in Sussex County, Delaware, and its proximity to major roadways ensures excellent accessibility and visibility. This is an ideal investment for developers seeking to capitalize on the growing commercial landscape in this dynamic area.

    Property profile
    Verified
    Property type Land
    Lot 2.5 ac (108,900 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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