28634 Oak Ave Millsboro, DE 19966
This exceptional 2.73-acre commercial land parcel presents a unique investment opportunity in the rapidly expanding Millsboro, Delaware market. Located at the gateway to town, the property boasts frontage on both Route 113 and Betts Pond, offering unparalleled visibility and accessibility. Its strategic location places it within walking distance of Plantation Lakes, a thriving residential community with over 3,000 homes, and directly across Betts Pond from Beebe Hospital's new hybrid pediatric and adult emergency department. This prime location ensures high traffic volume and a strong potential customer base. The property is zoned Highway Commercial by the Town of Millsboro, allowing for a diverse range of commercial uses. Permitted uses include, but are not limited to, hotels, nursing homes, and similar healthcare facilities
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
Similar Nearby for Lease
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.