48.12 acres Morris Mill Rd Residential LAND FOR SALE


Millsboro, DE 19966 2,096,107 SF
$4,400,000 USD
302-542-0900
, Millsboro, DE for Sale
$4,400,000 USD
Residential LAND - FOR SALE
1/3
2,096,107 SF

48.12 acres Morris Mill Rd
Millsboro, DE 19966


HIGHLIGHTS

  • Rural but not far from major shopping and beaches
  • Adjacent community w/ .5 to .75 acre lot home packages
  • Nearby single family home price is over $700k
  • Sussex County is the fastest growing County East of the Mississippi.

OVERVIEW

Legacy property that is being offered for the first time from the heirs. This Sussex County wooded parcel is ideal for a planned urban development in one of the most beautiful rural areas of Delaware. Close enough to the Resorts, but far away enough to ensure peace and quiet. Town of Millsboro is minutes away. This remarkable, pristine, wooded parcel allows 2/units/to the acre. Artesian Water Co. has confirmed that they will install the laterals (needs a developer's plan). 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'. Currently a recent timber report is included which shows high value selection of trees. US government is increasing timber production mandates.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/ACRE

$91,438/AC

PRICE/SF

$2 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

48.12 acres Morris Mill Rd

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Master Planned Community

LAND ACRES

48.12 AC

LAND SF

2,096,107 SF

OFFSITE IMPROVEMENTS

-

ZONING

AR-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Sandra WareBHHS PenFed RealtyMore Info
302-542-0900

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Sandra WareBHHS PenFed RealtyMore Info
302-542-0900

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