20215 Dupont Blvd Georgetown, DE 19947
This exceptional 1.38-acre commercial parcel presents a lucrative investment opportunity in Georgetown, Delaware. Strategically located on highly trafficked Dupont Highway (Route 113), this property boasts approximately 400 feet of frontage, ensuring maximum visibility for any development. Currently generating a consistent annual income of $6,720 through a long-term lease with Clear Channel for existing billboards, this property offers immediate return on investment. Note that the existing cell tower is not included in the sale. The property's zoning allows for a variety of commercial uses, and there's significant potential for expansion. The possibility of annexation into the Town of Georgetown offers access to public water and sewer services, located approximately 300 feet south of the property line. This prime location, just north of the intersection of Route 113 and N Bedford Street, provides easy access to major roadways and a thriving community. The substantial frontage and existing income stream make this a rare and highly desirable commercial land opportunity. This property is being offered at $325,000. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Georgetown, DEGeorgetown. Always verify with local authorities before improvements.
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.