28634 Oak Ave Millsboro, DE 19966
- Commercial real estate
- 2.73 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 28634 Oak Ave
- Lot size
- 2.73 lot acres
- Property type
- Commercial real estate
Description
This exceptional 2.73-acre commercial land parcel presents a unique investment opportunity in Millsboro, Delaware. Located at the gateway to town, the property boasts frontage on both Route 113 and Betts Pond, offering high visibility and accessibility. Situated in Sussex County, one of the fastest-growing counties in the U.S., this land benefits from its proximity to significant developments, including the Plantation Lakes residential community (3,000+ homes) and the new Beebe Hospital hybrid emergency department across Betts Pond. The Highway Commercial zoning allows for diverse uses, including hotels, nursing facilities, and other similar care facilities, as detailed in the associated zoning code. This prime location offers significant potential for developers and investors seeking to capitalize on the area's rapid growth. Note that additional acreage is available for purchase across Route 113, totaling 7.6 acres. The asking price for this specific 2.73-acre parcel is $1,600,000. Parcels may be sold separately.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Millsboro
- County
- Sussex
- State
- Delaware
- Longitude
- -75.312444789631
- Latitude
- 38.595254316286
