0 Route 16, Milton, DE 19968 $10,000,000

  • 0 Route 16 Listing Photo #1

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Price:
$10,000,000
MLS Number:
727849
Town:
Milton
Description:
Prime Development Opportunity! Over 136 +/- Acres Adjacent To The Town Limits Of Milton And Located Within 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. 127 +/- Acres Zoned High-density Residential (hr-1) And 10 +/- Acres Zoned Commercial (c-1)(red Shaded Portion Of Photo). Existing Zoning Allows Commercial Use, Single Family And Multi-family Use (500+ Units). This Property Could Be Ideal For A Mixed Use Concept To Include Commercial, Residential And Apartment Housing. Delaware's Rapidly Growing Cape Region Is A Very Popular Year Round Vacation Destination And Increasingly Popular For Many Retirees Relocating To The Area.

Interior Features

Water:
None

Exterior Features

Water Front:
Lake/pond
Lot Dimensions:
Irregular
Central Sewer on Site:
None
Fee Simple YN:
1
Prvt Sewer on Site:
None
Road Frontage:
1377
SepticPermit:
Not Applied For
Water Available:
Unknown
WaterfrontImprovement:
None
Water View:
Lake/pond

Additional Details

Lot Size/Acres:
136.95
AssociationFee:
0
City Taxes:
0
County:
Sussex
County Taxes:
0
HistoricDistrictYN:
0
InCityLimitsYN:
0
LandUse:
Residential Single
Section:
Between Rt. 1 & 113
Property Type:
Lots And Land
School District:
Cape Henlopen
List Office Name:
Jack Lingo Rehoboth