18063 Spellman Ln Ellendale, DE 19941
This exceptional Delaware property presents a unique investment opportunity. Located at 18063 Spellman Lane, Ellendale, DE 19941, this offering encompasses a combined 1.59 acres of land, strategically situated directly on Route 113 (Dupont Highway), ensuring maximum visibility and accessibility. The property consists of two parcels: a 0.70-acre lot at 18063 Spellman Lane and a contiguous 0.89-acre lot at 12135 Dupont Blvd. Both parcels are available for sale individually or together, offering flexibility for various development scenarios. The land is zoned for manufacturing and commercial uses, making it ideal for a wide range of businesses. Significant clearing has already been completed, simplifying site preparation. The property's location offers easy access to Delaware's Eastern Shore and nearby beach towns, providing a strong potential for attracting customers and employees. The asking price for the combined 1.59 acres is $400,000. This represents a compelling opportunity to acquire a well-positioned industrial/commercial parcel with high visibility and significant development potential in a desirable location. Don't miss this chance to secure a prime piece of Delaware real estate.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.