0 Route 16

Estimated Monthly Payment: $45,602/mo 0 Route 16, Milton, DE 19968 MLS# 1001570538 Land Listing Status: ACTIVE
182
493
0
30

REMARKS:

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.

OVERVIEW:

Land
ACTIVE
SCAOR
None Available
136.95
5965542
None
No Sewer System
Pond
None

FEATURES:

Lake, Pond

SCHOOLS:

CAPE HENLOPEN

FINANCIAL:

10000000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of JACK LINGO REHOBOTH

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor RE/MAX Properties shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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