Millsboro, DE 19966 48.1 acres Morris Mill Road
$4,400,000



6 more






Presented By: Berkshire Hathaway HomeServices PenFed Realty
Home Details
Attn Investors. Buy and Hold this remarkable, pristine, wooded parcel. Current zoning allows 2/units to the acre and quite possible when Artesian Water Co. installs the laterals. They are confirmed to provide all central utilities. Property is mostly wooded, with mature trees. Timber report is included, recently paid by Seller. The area is rural, but close to everything that the 2nd home buyer or local family's desire. Adjacent single family community selling prices are now $600k++. No heavy traffic, no night noises from living near downtown. A beautiful rectangular nearly 50 acre parcel within 20 minutes to the beaches. This parcel is in Level III. Near enough to the Town of Millsboro to qualify for partial AH or Workforce Housing incentives. Recent legislative agenda supports this location for future development. Seller offering a reduced price of $4mm to cash investors who settle within 12 months.
Presented By: Berkshire Hathaway HomeServices PenFed Realty
General for 48.1 acres Morris Mill Road
Acceptable FinancingCash, Contract, Conventional
Additional Parcels Y/NNo
Association Recreation FeeN
CityMILLSBORO
Clean Green Assessed Y/NNo
Condo/Coop Association fee Y/NNo
CountySUSSEX
Current UseVacant
DirectionsFrom Rte. 24, North on Rte. 30, left at Blinking light for Morris Mill, sign on left. GPS address 25525 Morris Mill Rd, this older home sits 3 doors down, and across the street from the 1000+ ft road fro
DisclosuresDivision potential, Prop Disclosure, Sell Entirely, Other
Exclusionsn/a
HOANo
Historic Y/NNo
Lease Considered Y/NNo
Legal SubdivisionINDIAN RIVER HUNDRED
Location TypeRural
Lot Size Square Feet2096107.20
Lot Size UnitsSquare Feet
MLS AreaIndian River Hundred (31008)
OwnershipFee Simple
PossessionCoin w/Sell Sett
Possible UseDevelopment, Investment
Price Per Sq Ft Total AG2.1
Property SubtypeLand
Property TypeLand
School DistrictINDIAN RIVER
SewerOther
Standard StatusActive
StatusACTIVE
Sussex DE QuadrantsBetween Rt 1 & 113
TopographyLevel
UtilitiesSewer Available, Water Available
Vacation Rental Y/NNo
ViewTrees/Woods
Water Access Y/NNo
ZoningAR-1
Exterior for 48.1 acres Morris Mill Road
Horse Y/NNo
InclusionsTimber Report, Survey, Soil Report
Land Use CodeAR-1
Lot FeaturesLevel, Trees/Wooded
Lot Size Acres48.12
Lot Size SourceEstimated
Navigable Water Y/NNo
Road Frontage Length1050
Road ResponsibilityPublic, State
Road Surface TypeBlack Top
Soil TypesSoil Study Avail
Topography DescriptionLevel
Water Oriented Y/NNo
Water SourcePublic Hook-up Available, Other
Water View Y/NNo
Waterfront Y/NNo
Wooded Area48.12
Additional Details
Price History
Schools
Middle School
Indian River High School
Elementary School
Georgetown Elementary School
