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Key Details
Sold Price $1,201,293
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1005933075
Sold Date 08/27/19
HOA Y/N N
Originating Board BRIGHT
Lot Size 17.460 Acres
Acres 17.46
Property Description
Excellent development potential! Total of +/- 17.46 acres on Broadkill Road (Rt. 16) near the charming downtown area of Milton and only 2.25 miles from Coastal Hwy (Rt. 1). In addition, this property is a short drive from the Atlantic Ocean, Delaware Bay, Cape May Lewes Ferry, Tanger and all of the attractions of the neighboring Lewes & Rehoboth Beach area. +/- 6 acres is within Town of Milton limits and zoned C-1 (red shaded area of photo). +/- 11.46 acres in Sussex County and zoned AR-1. Potential for the entire property to be annexed into Milton and re-zoned to allow a mixed use of commercial and residential with central sewer/water available (office, retail, storage, apartments, etc). Milton R-3 zoning would allow over 10 units/acre (4,000 sf/unit). Delaware's rapidly growing Cape Region is a very popular year round vacation destination and increasingly popular for many retirees relocating to the area.
Location
State DE
County Sussex
Area Broadkill Hundred (31003)
Zoning AR1
Exterior
Water Access N
Garage N
Building
Sewer Not Applied for Permit
Water None
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 235-14.00-123.00
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with BRYCE LINGO • Jack Lingo - Rehoboth