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    235 Mitchell St, Millsboro, DE 19966

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    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    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
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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