24716 Broadkill Road, Milton, DE 19968

$1,350,000
List Price
$1,350,000
Closing Date
Mar 15, 2019
Days On Market
122
Status
PENDING
MLS#
1005933075
Lot Size (Acres)
17.46
County
Sussex
School District
Cape Henlopen

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.

Additional Information

Area
Broadkill Hundred (31003)
School District
Cape Henlopen
Water
None
Sewer
Not Applied for Permit

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Listing courtesy of JACK LINGO REHOBOTH.