32487 Long Neck Rd, Millsboro, DE 19966
This exceptional 0.68-acre commercial property, located at 32487 Long Neck Rd, Millsboro, Delaware 19966 (APN 234-23.00-305.00), presents a unique investment opportunity. Zoned C-1, this land offers versatile usage potential. The existing 1,000 square foot building, while sold "as is," provides immediate possibilities for office, professional, or other commercial uses. The building currently features two large rooms, a smaller office space, a combined living/dining/kitchen area, a full bathroom, and a Florida room. An additional carpeted attic offers potential for renovation and expansion of living space. Ample parking is available both in the driveway and at the rear of the property. This meticulously maintained property enjoys a prime location on Long Neck Road, near restaurants, a bank, gas station, convenience store, and with close proximity to Route 24 (John J Williams Hwy). The property's strategic location and zoning make it an ideal investment for entrepreneurs and developers seeking a foothold in a thriving commercial area. The asking price is $479,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.