Asbury Square
Land | 21 acres
Marketing description
Asbury Square is a 21 +/- acre retail, dining and hospitality project positioned on the east side of Frederica Road and the west side of Route 1, just north of the new south Frederica Interchange. The property is located inside the Frederica town limits directly across Route 1 from DE Turf, Kent County's new regional sports complex. With its close proximity to DE Turf, and the new interchange providing access to the sports complex, Asbury Square is perfectly positioned to accommodate hotels, restaurants and convenience/fuel users to service the increasing traffic related to both transient travelers and sports complex attendees. Springhill Suites by Marriot has been secured in the project, and construction on the 88-room hotel is expected to commence in late 2021.
Investment highlights
- Lease Rate & Sale Price: Upon Request
- Public utilities are readily accessible
- Final site plan approval in place and recorded
- Construction Notes: No Off-Site Improvements Needed, Utilities and Stormwater Managment in Place, No Contributions to Infrastructor Needed
- Nearly 900' of direct road frontage along southbound Route 1
- Excellent visibility and exposure from a 4,000'+ length of Route 1
- Ingress/egress will be from Frederica Road at a point just north of the Route 1/
- Frederica Road interchange
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
