11342 Circle Dr Seaford, DE 19973
Exceptional 11-acre development opportunity in Seaford, Delaware, situated on Circle Drive. This property boasts two parcels, offering flexibility for separate or combined purchase. Parcel A encompasses approximately 3 acres of commercially zoned C1 land, ideally suited for self-storage development, representing one of the last commercially zoned parcels in Seaford heading east towards the Delaware beaches. This parcel offers excellent visibility and direct access to Route 20 East. Parcel B, an adjacent 8-acre parcel zoned R-1, presents significant residential development potential. The entire 11-acre tract is located in rapidly growing Sussex County, benefiting from no city taxes. Within a half-mile radius lies the established Village of Cool Branch (Ryan Homes), and within two miles, over 260 additional residential units are under development. This strategic location provides easy access to Route 20 East and is less than two miles from Route 13 (Sussex Highway), ensuring high visibility and convenient access for future residents and businesses. The asking price is $125,000, representing a $125,000 per acre land value. This presents a unique chance to capitalize on the burgeoning growth in Sussex County.
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
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Property description
Physical attributes from public recordsZoning & alternative use
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.