28634 Oak Ave, Millsboro, DE 19966
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.
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
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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.