7.18 Acres Lot
7.18 Acres Lot
Key Details
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID DESU2104364
Year Built 1980
Lot Size 7.180 Acres
Acres 7.18
Property Sub-Type Land for Commercial Use
Source BRIGHT
Property Description
The property is currently occupied by 8 month-to-month tenants, generating $10,850 in monthly income ($130,200 annually). This allows a buyer to maintain cash flow while entitlements, design, or phased redevelopment are pursued—a true value-add scenario. Water/sewer available at the street.
BONUS VALUE – EXPAND YOUR FOOTPRINT
An adjoining ±1+ acre CR-1 parcel is also available, improved with a (to be) fully renovated home and office, to be connected to public water and sewer. Offered for an additional $875,000 (pricing will adjust if purchased as-is). Acquiring both parcels creates enhanced frontage, increased density potential, and greater development flexibility.
Location
State DE
County Sussex
Area Indian River Hundred (31008)
Zoning CR-1
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Garage Spaces 25.0
Water Access N
Accessibility None
Total Parking Spaces 25
Garage N
Building
Sewer Public Hook/Up Avail
Water Public Hook-up Available
New Construction N
Schools
School District Indian River
Others
Tax ID 235-30.00-27.00
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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