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    OFF-MARKET
    Land

    129 Washington St, Millsboro, DE 19966

    0.32 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.32-acre commercial lot in Millsboro, Delaware, is priced at $245,000. Located at 129 Washington Street, this property boasts a highly desirable Urban Business zoning designation, allowing for a wide range of commercial uses. The lot's strategic location in the heart of Millsboro, Sussex County's 2019 growth leader, ensures high visibility and significant traffic exposure, with an Annual Average Daily Traffic count of 19,770 vehicles in 2022. Its proximity to coastal attractions like Rehoboth Beach (19 miles) and Bethany Beach (15 miles) adds further appeal. The property benefits from the recent consolidation of two parcels, resulting in a larger, more versatile lot. Permitted uses under the Urban Business zoning include, but are not limited to, grocery stores, banks, restaurants, and sporting goods stores. The town offers ample free parking, and town water and sewer hookups are available. This property presents a unique investment opportunity for businesses seeking a prominent location in a thriving Delaware community. The lot is situated across from the Post Office, Dairy Queen, and the new Police Station, further enhancing its visibility and accessibility. Potential mixed-use development, combining retail and residential space, is also a possibility. This is a rare chance to acquire a well-positioned commercial lot in a rapidly growing area. Don't miss this chance to establish your business in a prime location.

    Property profile
    Verified
    Property type Land
    Lot 0.32 ac (13,939 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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