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Property profile & analytics
OFF-MARKET
Land

38397 Old Stage Rd Delmar, DE 19940

2.84 ac lot
Property ID
US17-0140917
Property summary
AI-generated overview

This exceptional 2.84-acre commercial land parcel presents a unique investment opportunity in the thriving Delmar, Delaware business district. Strategically located at the corner of Line Road and Old Stage Road, this property enjoys high visibility and convenient access to Route 13, ensuring excellent exposure to a substantial customer base. The site is ready for immediate development, offering significant potential for a variety of commercial ventures. The asking price for outright purchase is $795,000. Alternatively, a ground lease option is available at a monthly rate of $1,500. This versatile property is situated in Sussex County, Delaware, with the address being 38397 Old Stage Road, Delmar, DE 19940. Its proximity to Delmar's bustling retail and business district makes it an attractive location for businesses seeking high traffic and visibility. The property's size and location make it suitable for a wide range of commercial developments, offering a compelling investment opportunity for both short-term and long-term growth. Detailed site plans and further information are available upon request. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly growing area.

Property profile
Verified
Property type Land
Lot 2.84 ac (123,710 SF)
UPID US17-0140917
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
  • Big Jakes BBQ Restaurant
Value estimations
Realmo proprietary · 4 methods
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by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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