Property profile

0 Us Rte 13 & Jerome Dr Dover, DE 19901

OFF-MARKET
Land
51.13 ac lot
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Property summary

AI-generated overview

Cheswold Village presents a unique 51.13-acre development opportunity in Kent County, Delaware. This commercially zoned (R-3) parcel boasts exceptional visibility and accessibility, situated at the signalized intersection of US Route 13 and Jerome Drive. Its strategic location directly behind a newly constructed Walmart Supercenter and adjacent to other commercial properties ensures high traffic and strong potential for future growth. The property is already annexed into the Town of Cheswold, offering immediate access to municipal services. Utilities are readily available on-site, simplifying the development process. With its R-3 zoning, this land is ideally suited for a variety of commercial uses, offering significant potential for investors and developers. Preliminary estimates suggest the site could accommodate approximately 102 single-family residential lots, making it an attractive option for residential development as well. The property's size, location, and zoning regulations combine to create a compelling investment opportunity in a rapidly growing area of Delaware, just north of Dover. The address is US Route 13 & Jerome Drive, Cheswold, DE 19901.

Property profile

Verified
Property type Land
Lot 51.13 ac (2,227,223 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Us Rte 13 & Jerome Dr Dover, DE 19901
Dover metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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