Sold
Tbd Ellendale Hwy
Milton DE, 19968
$7,829,000
$2.60 per sqft
Sold
69.08 Acres
Land
Prime development opportunity with rare High-Density Residential (HR-1) zoning. HR-1 allows for single family homes (7500 sf min lot size) and multi-family (towns/condos/apartments) with a 12/unit per acre density ratio. The 69 +/- acre parcel is located adjacent to the fast growing yet charming Town of Milton and only a short drive to Coastal Hwy (Rt. 1), Delaware Bay, Atlantic Ocean, Cape May Lewes Ferry, Tanger Outlets, and all of the attractions of Lewes & Rehoboth Beach. This property offers great visibility on the highly trafficked Route 16 while also providing a serene setting with private woods at the rear of the parcel. Less than one mile from Milton Park Center which includes Food Lion, Walgreens, County Bank, Dollar General and more. This property is ideal for a mixed use concept to include single family and apartment housing in Delaware's rapidly growing Cape Region, a very popular year round vacation destination and increasingly popular for many retirees relocating to the area.
DESU2015858
MLSⓇ ID
March 15, 2024
Updated
Map
Tbd Ellendale Hwy
Milton DE, 19968
Exterior/Building Features
Lot Size
69.08 Acres
Lot Features
Cleared
School Information
School District
CAPE HENLOPEN
High School
CAPE HENLOPEN
Elementary School
MILTON
Other Property Details
Days on Market
35
Garage
No
View
No
County
SUSSEX
Pool
No
Zoning
High Density Residential
Buyer Agency Compensation
2%
Listed by BRYCE LINGO, SHAUN TULL with Jack Lingo - Rehoboth
Listing Contact: 3022266417
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Data last updated on 3/15/2024 at 8:20 PM UTC
