$8,995,000

Tbd Milton Ellendale Hwy, Milton, DE, 19968

69.08

Acres

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.

Facts & Features

MLS® # DESU2015858
Price $8,995,000
Bathrooms 0.00
Acres 69.08
Type Land
Sub-Type Land
Status Active Under Contract

Community Information

Address Tbd Milton Ellendale Hwy
Area Broadkill Hundred (31003)
City Milton
County SUSSEX-DE
State DE
Zip Code 19968

Amenities

Is Waterfront No

Interior

Has Basement No
Fireplace No

Exterior

Lot Description Cleared, Partly Wooded

School Information

District CAPE HENLOPEN
Elementary MILTON
Middle MARINER
High CAPE HENLOPEN

Additional Information

Date Listed February 19th, 2022
Days on Market 35
Zoning HR-1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeJack Lingo - Rehoboth

Listing Map

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