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820 Middletown Odessa Road - Delaware Rt. 1 & Rt. 299 Interchange, Middletown, DE

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820 Middletown Odessa Road - Delaware Rt. 1 & Rt. 299 Interchange

Middletown, DE 19709 - South New Castle County Submarket

Property Type:Land Parcel Size:8 Acres
For Sale Price:$1,950,000 Price/Acre:$243,750 Price/SF:$5.60

Proposed Use:Day Care Center, Religious Facility

On-Site Improv:Previously developed lot

Sale Notes:
The property, zoned for residential use, is located immediately east of the northbound Rt. 1 off-ramp to Rt. 299. The property has approximately 700' of frontage on the south side of Rt. 299 (Middletown Odessa Rd.) and 450' of frontage on the east side of the Rt. 1 off-ramp to Rt. 299. Currently, the property is served by on-site well and septic systems, but public sewer is available via annexation of the property into the Town of Odessa. There is a sizable residence on the property, as well as a number of outbuildings. These improvements could be razed to make room for new development.

The property exhibits excellent locational characteristics. The Town of Odessa is just east of the property, and the rapidly growing Town of Middletown is located just west. The property is positioned on the southeast corner of the Rt. 299 intersection with the northbound Rt. 1 off-ramp. Traffic counts are approximately 20,000 vehicles per day along Rt. 299 in front of the property, and Rt. 1 counts are approximately 40,000 vehicles per day.

DSM Commercial
Jim Tancredi
(302) 283-1800

Dan Wham
(302) 283-1800

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