Income-Producing CR-1 Development Site | 7.18± Acres

Highlights:

• -7.18 Acres w/ additional 1 acre parcel available
• -See DOCUMENTS for conceptual site plan, boundary survey, & Deldot approved entry
• -Ideal for phased or mixed use development
• -In-place income: $174,600 annual rent roll
• -Public water/sewer at the street

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 $14,550 in monthly income ($174,600 annually). This allows a buyer to maintain cash flow while entitlements, design, or phased redevelopment are pursued—a true value-add scenario. Public water/sewer is 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.

The property is on US-9 (Lewes Georgetown Hwy) in Harbeson, Sussex County, a rural but well-trafficked highway connecting Georgetown and Lewes.

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