1 And 2Milton, DE 19968

Property Details for 1 And 2

Lot size

1.92 AC

Property type

Agricultural properties

Property subtype

Other land

Description

This exceptional 1.92-acre parcel is situated on the Coastal Highway (State Route 1) in Milton, Delaware, offering unparalleled visibility and accessibility. Located approximately five miles from the Greater Rehoboth Beach shopping and business district and ten miles from the beach, this property presents a unique investment opportunity. Currently zoned Agricultural Residential, it boasts existing infrastructure including an existing well, public water connection supplied by Milton, and stormwater piping improvements installed less than ten years ago. Driveway access to the Coastal Highway is granted via an approved subdivision map from the Delaware Department of Transportation. A previous site evaluation for a septic system has expired, but public sewer connection is a possibility. Low property taxes of $228 annually further enhance the value proposition. The property's strategic location and existing infrastructure make it suitable for a variety of commercial uses, including, but not limited to, an electric charging station with cafe and playground, an outpatient medical clinic, nursing facilities, or a combination of business and vacation rentals with the potential for two residential structures. Long-term leasing opportunities are also viable. This is a rare chance to acquire prime real estate in a high-demand location with significant development potential. The asking price is $550,000.

Location Insight

City

Milton

County

Sussex

State

Delaware

Latitude

38.7704

Longitude

-75.2189

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