38397 Old Stage Rd Delmar, DE 19940
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.
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Big Jakes BBQ Restaurant
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.