30511 Cave Neck RdMilton, DE 19968

Property Details for 30511 Cave Neck Rd

Lot size

14.92 AC

Property type

Other multifamily properties

Property subtype

Residential income properties

Description

Chappell Farm presents a unique investment opportunity in Milton, Delaware. This expansive 14.92-acre parcel, situated at the high-traffic intersection of Cave Neck Road and Route One, boasts a pre-approved site plan for a mixed-use development. The commercial component encompasses three pad sites totaling 44,498 square feet, offering ample space for various businesses. Detailed plans show individual pad sizes of 23,790 square feet, 16,128 square feet, and 4,580 square feet, all with designated parking areas. The residential component allows for the construction of up to 128 units, catering to a growing demand for housing in the area. Amenities planned for the residential section include a swimming pool and a fitness center, further enhancing the appeal and value of the development. The existing site plan is available upon request, though it's important to note that it is subject to change. This exceptional property offers significant potential for substantial returns, making it an ideal acquisition for discerning investors seeking a prime location and a well-defined development path. The strategic location and comprehensive site plan make this a truly remarkable opportunity in the vibrant Delaware market. Act quickly to secure this exceptional investment.

Location Insight

City

Milton

County

Sussex

State

Delaware

Latitude

38.7674

Longitude

-75.2153

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