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29547119
29547118

26539 Lewes Georgetown Hwy, Harbeson, DE 19951

AB
MD 36569
SVN | Miller Commercial Real Estate Salisbury
SVN | Miller Commercial Real Estate Salisbury
Listed by SVN | Miller Commercial Real Estate Salisbury
$2,200,000
121 days on market
Updated 115 days ago

Income-producing CR-1 development site | 7.18± Acres

Details
Property Type Industrial, Land (+3)
Sub Type Commercial, Warehouse
Square Footage 4,500
Tenancy Multi
Lease Type Gross
Price Per Acre $306,407
Acreage 7.180
Zoning CR-1
Investment Type Redevelopment

Route 9 development opportunity with existing income

Marketing 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 available at 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.

Investment highlights

  • 7.18 Acres w/ additional 1 acre parcel available

  • See Documents for conceptual site plan, boundary survey

  • Ideal for phased or mixed use development

  • In-place income: $174,600 annual rent roll (tenants are month to month)

  • Public water/sewer at the street

Listing Contacts

AB
MD 36569
SVN | Miller Commercial Real Estate Salisbury
SVN | Miller Commercial Real Estate Salisbury
Listed by SVN | Miller Commercial Real Estate Salisbury

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