Millsboro DE Real Estate & Commercial for Sale

Prime development opportunity! This property, located at the beginning of Kerlyn Dr in Millsboro, DE, offers 5 deeded commercial lots C-1 zoning. Making it suitable for a wide range of commercial uses. The location of the parcel ensures high visibility and accessibility, enhancing the potential for a successful development. The property and the billboard are also available for lease. Owner financing is also available.

This offering presents the opportunity to acquire a cash-flowing multifamily investment property located at 28420 Delaware Avenue in Millsboro, Delaware. The property consists of approximately 3,000 square feet and generates estimated rental income of $7,250 per month ($87,000 annually). Estimated annual operating expenses are approximately $12,985, resulting in an estimated net operating income of approximately $74,015. Income and expense figures are estimates and should be independently verified by prospective purchasers. The property represents an estimated 7.4% cap rate based on the reported income and expenses, providing investors with stable in-place cash flow. The asset benefits from its location within the growing Sussex County market, where continued residential development and population growth are supporting strong rental demand. This is a compelling opportunity for investors seeking a performing multifamily asset with strong income, low expenses, and long-term upside in one of Delaware's fastest-growing regions.

Tremendous investment opportunity available - tailored specifically for boat/RV & camper storage! This site includes 14.34 acres of fully entitled land, meticulously designed and approved for 420 parking spaces and 2,400 square feet of self-storage. Property can also be converted into a self-storage development, with a substantial unit mix available if interested. Located less than 1 mile from a public boat ramp, this site boasts convenience and accessibility for a variety of outdoor enthusiasts and visitors to the area. Situated amidst the picturesque landscapes of Emily Gut and "the Peninsula," and bordered by Delaware Rt. 24 to the north, this storage haven enjoys unparalleled proximity to the waterways and scenic byways that define the region's allure.

+/- 7.5 acres of commercial land for sale in Millsboro, Delaware. The property fronts Dupont Boulevard (Route 113 southbound) and has excellent accessibility and visibility. Two entry points from the highway with one being from the northbound lanes.

Almost one acre (0.91+/- Acres) of scarce VACANT COMMERCIAL land in Millsboro located on Northbound lane of DuPont Boulevard (Route 113 North) approximately 2000 feet north of Route 24 & Route 113 intersection. 200 feet of road frontage on Route 113 in the front AND 200 feet of road frontage on Northern Avenue in the back. Agent checking on Impact Fees with the City of Millsboro. More on this later.

Expansive lot recently combined, offering ample space for your business ventures! Located in the heart of town, this vacant lot is zoned Urban Business, aligning perfectly with the thriving community of Millsboro. Boasting the title of Sussex County's growth leader in 2019, Millsboro continues to flourish, presenting an ideal environment for investment. With prime positioning and high visibility, this lot presents a lucrative opportunity. The area experiences substantial traffic, with an Annual Average Daily Traffic count of 19,770 in 2022. Conveniently located just 19 miles west of Rehoboth Beach and 15 miles from Bethany Beach, Millsboro enjoys proximity to coastal attractions. Urban Business zoning permits a variety of uses, including groceries, banking facilities, drive-in eateries, restaurants, and sporting goods stores, among others. Enjoy the convenience of ample free parking throughout the town, with the added benefit of town water and sewer hook-up availability. Take advantage of the recent consolidation of two parcels, providing expanded business space. Don't hesitate to seize this opportunity to propel your business forward. Contact us today for further information and unlock the potential of this prime location!