235 Mitchell St, Millsboro, DE 19966
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.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.