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Property profile

11342 Circle Dr Seaford, DE 19973

FOR SALE
Commercial real estate
Property ID
US17-0110984
348,480 SF 11 ac lot Built 2010
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11342 Circle Dr, Seaford, DE 19973
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Property summary

AI-generated overview

This exceptional 11+/- acre property in Seaford, Delaware presents a unique investment opportunity. Boasting excellent visibility and direct access to Route 20 East, this land offers significant potential for diverse development. The property comprises two distinct parcels, each with its own zoning designation, allowing for flexible development strategies. Parcel A, encompassing approximately 1 acre, is the last commercially zoned parcel heading east towards Delaware's beaches, offering unparalleled commercial potential. Parcel B, a substantial 10+/- acre parcel, is zoned R-1, suitable for residential development. However, conditional use zoning permits exploration of industrial or retail uses, expanding the possibilities for this prime location. The property's location within Sussex County, one of the fastest-growing counties in the United States, further enhances its value. The proximity to established residential communities adds to its appeal. Within half a mile lies the gated community of the Village of Cool Branch (Ryan Homes), and within two miles, an additional 260+ residential units are under development. This strategic location ensures high visibility and accessibility, making it an ideal investment for both short-term and long-term growth. The total square footage of the property is 348,480 square feet. Note that this property is exempt from city taxes. The property is offered at $1,599,000 and the parcels can be purchased individually or together.

Property profile

Verified
Property type Commercial real estate
Year built 2010
Total area 348,480 SF
Lot 11 ac (479,160 SF)
UPID US17-0110984

Cap rate & NOI

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

Location

11342 Circle Dr Seaford, DE 19973
Seaford metro
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Value estimations

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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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