32605 Millsboro Hwy Millsboro, DE 19966
This exceptional mixed-use property in Millsboro, Delaware, presents a unique investment opportunity. Situated on a generous 4.72-acre lot, the property boasts a total of 7,200 square feet of building space. The main structure includes an office area complete with a kitchen and bathroom, along with a two-bay shop. A substantial addition features a 40ft x 70ft, four-bay shop equipped with a wall-hung furnace. This shop also includes two finished, climate-controlled living spaces. Attached is a 30ft x 80ft pole barn house, offering a 10ft wrap-around porch, two 2-ton hybrid HVAC units with propane backup, two propane water heaters, and a constant pressure well with a water treatment system. The house itself comprises four bedrooms and four bathrooms, a utility room, a custom wood-burning fireplace, custom shelving and cabinets, and solid surface countertops. Conveniently located just five miles west of Millsboro, this property enjoys central access to lower Sussex County, including nearby beach areas, Salisbury, MD, Laurel, Seaford, and Georgetown. Its versatile nature lends itself to a variety of uses, from automotive, electrical, plumbing, HVAC, or landscaping businesses to a private estate or multi-family compound. The property benefits from approved conditional use zoning and Mediacom internet availability. Significant warranties are included: a 20-year structural warranty, a 10-year parts warranty and one-year labor warranty on the HVAC system, and a 99-year heat exchanger warranty. This is a truly one-of-a-kind property.
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
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