0 Kerlyn Dr, Millsboro, DE 19966
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.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.