Investor Alert: Buy and hold with Artesian coming soon to supply central utilities. Best to coordinate development with the utility company. Cash discount of $400k off asking price if Buyer settles within 12 months of purchase contract. Soil studies, boundary survey and over 1000 feet of road frontage
Adjoining property lot/home values are in the high 700's
Zoning allows 2.2 units to the acre by right. With central utilities, it could be higher. Potential for Affordable Housing and or Workforce Housing density credits as the property is near the Town of Millsboro which is rapidly growing. Currently a recent timber report is included which shows high value selection of trees. US government is increasing timber production mandates.