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    FOR SALE
    Multifamily properties

    30511 Cave Neck Rd, Milton, DE 19968

    14.92 ac lot
    Property ID
    US17-0299581
    30511 Cave Neck Rd, Milton, DE 19968 For Sale
    $6,500,000
    30511 Cave Neck Rd, Milton, DE 19968
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    Property summary
    AI-generated overview

    Chappell Farm presents a unique investment opportunity in Milton, Delaware. This expansive 14.92-acre parcel, situated at the high-traffic intersection of Cave Neck Road and Route One, boasts a pre-approved site plan for a mixed-use development. The commercial component encompasses three pad sites totaling 44,498 square feet, offering ample space for various businesses. Detailed plans show individual pad sizes of 23,790 square feet, 16,128 square feet, and 4,580 square feet, all with designated parking areas. The residential component allows for the construction of up to 128 units, catering to a growing demand for housing in the area. Amenities planned for the residential section include a swimming pool and a fitness center, further enhancing the appeal and value of the development. The existing site plan is available upon request, though it's important to note that it is subject to change. This exceptional property offers significant potential for substantial returns, making it an ideal acquisition for discerning investors seeking a prime location and a well-defined development path. The strategic location and comprehensive site plan make this a truly remarkable opportunity in the vibrant Delaware market. Act quickly to secure this exceptional investment.

    Property profile
    Verified
    Property type Multifamily properties
    Lot 14.92 ac (649,915 SF)
    UPID US17-0299581
    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
    Current use
    Occupant on record · Public records
    • Capitol Buildings shedcrazy Construction Company General Contractor
    • Capitol Buildings Shed crazy Construction Company General Contractor
    • Hooked on Poly Patio Furniture & Home Goods Hardware & Home Improvement
    • D'Z Pit Smoked BBQ (seasonal) Restaurant
    • Indian Point Farm Market Grocery & Convenience Store Food Market
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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