0 Route 16 Milton, DE 19968

Schedule a Tour View Map Compare Share

Agent Description

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.

• Pricing and Costs

• Price:

  $10,000,000

• Property Information

• MLS Number:

  727849

• Type:

  Lots and Land

• Subtype:

  Lots and Land

• Listing Details

• Listing Office:

  JACK LINGO REHOBOTH

• Date Listed:

  Feb 20, 2018

• Days on Market:

  51

• Location Information

• Address:

  0 Route 16

• City:

  Milton

• State:

  DE

• Zip Code:

  19968

• Interior

• Exterior

• Amenities

• View:

  Lake/Pond

• Waterfront:

  Lake/Pond

• School Information

• District:

  Cape Henlopen

This listing appears courtesy of the SCAOR MLS and Jack Lingo Rehoboth. Data displayed here has not been verified by Ocean Atlantic Sotheby's Intl Realty.