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Property profile & analytics
OFF-MARKET
Land

0 Kerlyn Dr Millsboro, DE 19966

200 SF 0.78 ac lot
Property ID
Property summary
AI-generated overview

This exceptional .78-acre commercial lot, situated on Kerlyn Drive in Millsboro, Delaware, presents a unique investment opportunity. Boasting 33,977 square feet of land and zoned C-1, this property offers a wide range of potential uses. Its prime location along Route 113 ensures high visibility and accessibility, making it ideal for businesses seeking strong exposure. The existing 200 square foot building could be utilized or removed to suit the tenant's needs. A significant advantage is the presence of a billboard on the property, offering an additional revenue stream of $1,000 per month through a separate lease agreement. All leases are structured as gross leases, simplifying financial management. The asking price is $2,000 per month gross. This property is located in Sussex County, Delaware, with a zip code of 19966. The versatile zoning allows for various commercial ventures, including but not limited to car wholesaling, storage facilities, or other suitable businesses. This is a rare opportunity to acquire a highly visible and adaptable commercial property in a thriving Delaware town. Don't miss out on this chance to establish your business in a prime location.

Property profile
Verified
Property type Land
Total area 200 SF
Lot 0.78 ac (33,977 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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