LOT SIZE 7.180 acres
MLS#DESU2104366
STATUSACTIVE
PROPERTY TYPELand - Commercial
SCHOOLINDIAN RIVER
Property Description
Positioned in a highly desirable growth corridor, this 7.18±-acre, CR-1 zoned property presents a rare opportunity to acquire income-producing land with immediate and long-term development potential. The flexible CR-1 zoning supports a broad mix of commercial and residential uses, making this site ideal for developers, investors, or owner-users seeking scale and versatility. The property is currently occupied by 8 month-to-month tenants, generating $10,850 in monthly income ($130,200 annually). This allows a buyer to maintain cash flow while entitlements, design, or phased redevelopment are pursued—a true value-add scenario. Water/sewer is located at the front of the property in the street. BONUS VALUE – EXPAND YOUR FOOTPRINT An adjoining ±1+ acre CR-1 parcel is also available, improved with a (to be) fully renovated home and office, to be connected to public water and sewer. Offered for an additional $875,000 (pricing will adjust if purchased as-is). Acquiring both parcels creates enhanced frontage, increased density potential, and greater development flexibility.
Property Features
Property Type: Land - Commercial
Lot Size: 7.18 Acres
Taxes: $0
Feature Descriptions
Days on Site: 26
Lot Dimensions: 7.18 Acre(S)
Sewer: Public Sewer
Water: Public
Local Schools
School District: INDIAN RIVER
Listed By / Shown By
Listed By
Agency Name: SVN/Miller Commercial Real Estate
Agency Phone: 4105432440
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 5,537.91 per month $4,896.25 Principal & Interest $0.00 Property Tax (data not provided by mls) $641.67 Homeowner's InsuranceChange Payment Information
26539 Lewes Georgetown Highway | MLS# DESU2104366
This land located at 26539 Lewes Georgetown Highway, Harbeson, DE 19951 is currently listed for sale with an asking price of $2,200,000. The property has approximately 7.18 Acres. Lewes Georgetown Highway is located within the INDIAN RIVER school district. Search Harbeson real estate on www.realtymark.net today.