2453 Old Battery Lane
Multifamily Lots
Marketing description
Located at the corner of Old Battery Lane and Service Road in historic Delaware City, these two multifamily development lots offer a rare opportunity for new residential construction in a unique historic setting. Both lots are zoned 22 HPR (Historic Preservation and Redevelopment), providing strong potential for duplex, townhouse, or multifamily development compatible with
the surrounding character of the area. The HPR zoning designation may allow eligibility for certain historic preservation and redevelopment-related tax credit incentives, subject to project approval and applicable programs. Located within a flood zone, future development should account for applicable floodplain, stormwater, and elevation requirements. With corner visibility and flexible
redevelopment potential, these lots present an excellent opportunity for builders, investors, and developers in Delaware City.
Investment highlights
- Lot A: (0.23 AC) / Lot B: (0.24) AC
- Ready for redevelopment
- 22-HPR (Historic Preservation & Redevelopment
- Eligible for tax preservation credits via the Delaware Historic Preservation Tax Credit Program
- The credit provides up to 30% for owner-occupied residential properties and 20% for income-producing properties.
- Lots ready for development
- Eligible for tax preservation credits via the Delaware Historic Preservation Tax Credit Program
- Sale Price :$209,000/per Lot
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