0 Meredith Rd Felton, DE 19943
This exceptional 82-acre property in Felton, Delaware, presents a unique investment opportunity. Located in Kent County, this land boasts diverse zoning (AR), allowing for agricultural, residential, and recreational uses. The property comprises approximately 63 acres of open space, including 24 acres of tillable farmland, ideal for farming or agricultural pursuits. Adding to its versatility, there are approximately 20 acres divided into several residential building lots, ranging from 0.57 to 2.9 acres each, presenting potential for residential development. The lots offer convenient roadside access. The strategic location in western Kent County provides easy access to MD Route 301 and the Bay Bridge to the west, and central Kent County to the east, enhancing its accessibility and appeal. The asking price for this expansive property is $1,000,000. This multifaceted land offers a blend of agricultural potential, residential development possibilities, and recreational uses, making it an attractive investment for a variety of buyers. The property's zoning and acreage provide significant flexibility for future development and utilization. The convenient location adds to its overall value and desirability. This is a rare opportunity to acquire a substantial parcel of land with diverse potential in a desirable Delaware location. The zip code is 19943.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.