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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    28634 Oak Ave, Millsboro, DE 19966

    2.73 ac lot
    Property ID
    US17-0120778
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 2.73 ac (118,919 SF)
    UPID US17-0120778
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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