499 Jimmy Dr - Multi-Family FOR SALE


Smyrna, DE 19977
$6,000,000 USD
302-283-1800
499 Jimmy Dr, Smyrna, DE for Sale
$6,000,000 USD
Multi-Family - FOR SALE
1/3

499 Jimmy Dr
Smyrna, DE 19977


HIGHLIGHTS

  • All off-site & on-site improvements are complete (entrance, traffic signals and public utilities are on-site)
  • Ground to be sold as raw tract with utilities delivered to the edge of the site
  • Smyrna School District: Located in the highly regarded Smyrna School District—home to award-winning schools like Smyrna Elementary
  • Major surrounding employers: Surrounded by major employers including Amazon, Bayhealth Hospital, Delaware State University, Procter & Gamble & more
  • Traffic Counts: Route 1: 54,962 VPD; Route 13: 29,124 VPD

OVERVIEW

Fully approved multi-family apartment record plan for sale located within an existing mixed-use development at Simons Corner in Smyrna, DE. The property is approved for 270 apartment units, comprised of ten (10) 3-story buildings featuring a mix of 1, 2 & 3 bedroom apartments in a garden style design in addition to a two-story 1,722 sf community center and three (3) 6-stall parking garages. The property is part of the Simons Corner Shopping Center, the newest, most prominent retail center in the trade area which features a variety of pad and in-line retail users, including Aldi, Wawa, Walgreens, M&T Bank, WSFS Bank, Concord Pet, Dollar General, Anytime Fitness, Express Care, AT&T Mobile, and Hardee's. The property is well-located at the foot of the South Smyrna Route 1 on/off ramps at DuPont Highway and offers convenient access to all points north and south, including major employment centers in Dover, Middletown, Christiana, Newark, and Wilmington, via convenient access to both Route 1 and DuPont Highway.

FOR SALE DETAILS

PRICE

$6,000,000 USD

# OF UNITS

270

PRICE/UNIT

$22,222

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Approved Apartment Land Development

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

1-17-019.00-01-75.02-000

ASK ABOUT THIS PROPERTY

Davis MitchellDSM CommercialMore Info
302-283-1800

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Davis MitchellDSM CommercialMore Info
302-283-1800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.