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32487 Long Neck Rd Millsboro, DE 19966

OFF-MARKET Land Google Maps
0.68 ac lot
Estimated value
No estimation on file for this property yet.
Property ID US17-0109152

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 0.68 ac (29,621 SF)
UPID US17-0109152

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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