0 Coastal Hwy & Wilkins Rd Lincoln, DE 19963
Exceptional 9-acre commercial land parcel presents a significant investment opportunity in Milford, Delaware. Strategically located at the intersection of Coastal Highway and Wilkins Road, this property boasts high visibility and convenient access to major transportation routes. The parcel is zoned C-3, allowing for a wide range of commercial development possibilities. With a total acreage of approximately 9 acres, this expansive site offers ample space for various projects, from retail centers and restaurants to office buildings and light industrial uses. The property's prime location within the thriving Milford commercial corridor ensures strong potential for future growth and return on investment. The assessed parcel number is 330-11.00-70.03. This exceptional offering is priced at $4,680,000 and presents a rare chance to acquire a substantial commercial land holding in a desirable Delaware location. Serious inquiries are encouraged to explore the full development potential of this remarkable property. The property is situated in Sussex County, Delaware, with a zip code of 19963. The coordinates are 38.872596 latitude and -75.3544455 longitude.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.