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50 acres Mt Joy - 50 acres Morris Mill Rd

50 Acres of Residential Land Offered at $5,100,000 in Millsboro, DE 19966

Residential Land & Home Lots Delaware Millsboro 50 acres Mt Joy, Millsboro, DE 19966

Investment Highlights

  • Rural but not far from major shopping and beaches
  • Average single family home price is over $700k adjacent to this site
  • Mostly .5 to .75 acre lot home packages surrounding this site
  • Sussex County is the fastest growing region East of the Mississippi.

Executive Summary

Soil studies, boundary survey and over 1000 feet of road frontage
Adjoining property lot/home values are in the high 700's

Attachments

Vacant Land Disclosure, 50 acres
Bergamo Survey
Parks Bergamo 50 acres, recon_report

Property Facts

Price $5,100,000 Property Type Land
Sale Type Investment Property Subtype Residential
Sale Conditions 1031 Exchange Total Lot Size 50.00 AC
No. Lots 1 Cross Streets Morris Mills
Price $5,100,000
Sale Type Investment
Sale Conditions 1031 Exchange
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 50.00 AC
Cross Streets Morris Mills

1 Lot Available

Lot

Price $5,100,000 Lot Size 50.00 AC
Price Per AC $102,000
Price $5,100,000
Price Per AC $102,000
Lot Size 50.00 AC

Development potential. Artesian is to supply central water and sewer. Cost projections need to be given by qualified engineers at Artesian Water. Beautiful area of Millsboro, off Rte 30, but still near all of Sussex Co

Description

Ideal for single family home development. Currently zoning is by-right 2 units/acre. Potential increase to 4 units/acre with County rezoning. Artesian to supply the sewer & water. Activity in this area for development is ongoing. Would be a beautiful single family community, potential for 55+ Housing.

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zoning

Zoning Code AR-1 (AR-1 allows a minimum 2 units to the acre by right. There are incentives in Sussex County for higher density.)
AR-1 (AR-1 allows a minimum 2 units to the acre by right. There are incentives in Sussex County for higher density.)
(302) 227-6101

  • Listing ID: 27202838

  • Date on Market: 11/29/2022

  • Last Updated:

  • Address: 50 acres Mt Joy, Millsboro, DE 19966

The Land Property at 50 acres Mt Joy, Millsboro, DE 19966 is currently available For Sale. Contact BHHS PenFed Realty for more information.

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50 acres Mt Joy - 50 acres Morris Mill Rd
(302) 227-6101 x

50 acres Mt Joy - 50 acres Morris Mill Rd

Sandra Ware

(302) 227-6101

(302) 227-6101

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