608 Front St Milford, DE 19963
This exceptional 6.11-acre waterfront property in Milford, Delaware (APN: 5-16-18307-01-2700-000) presents a turnkey development opportunity. City of Milford pre-approved site and building plans allow for immediate construction of a 100-unit residential complex, ideally suited for low-rise apartments – a potential design includes five two-story buildings. Detailed drawings highlight excellent water access, appealing to boating enthusiasts and nature lovers. The property boasts a completed and DelDot-approved paved entrance, eliminating significant infrastructure costs for the buyer. All land improvements are included in the asking price of $2,200,000, representing substantial savings. This prime location offers convenient access to Route 1 (North and South) and Route 113, placing it within easy reach of the Delaware Beaches. The property's potential for a thriving residential community is undeniable
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.