TBD MILTON ELLENDALE HWY

  • MILTON, DE 19968

TBD MILTON ELLENDALE HWY
MILTON, DE 19968

MLS Number: DESU2015858


$8,995,000

Description

  • 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.

General Details

  • Lot Area: 3,009,124
  • Property Type: Land
  • County: SUSSEX
  • Sewer: Public Hook/Up Avail
  • Acres: 69

Community Information

  • Zoning: HR-1

Exterior Features

  • Garage(s): N
  • Waterfront: N
  • Waterview: N

Interior Features

  • Cooling: N
  • Water: None

Lot Information

  • SqFt: 3,009,124
  • Dimensions: Irregular

School Information

  • School District: CAPE HENLOPEN
  • Elementary School: MILTON
  • Middle School: MARINER
  • High School: CAPE HENLOPEN

Other Info

  • Listing Courtesy Of: Jack Lingo - Rehoboth
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