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$1,000,000.00

1 MAPLE

MILFORD, DE 19963

114127.00 Sq. Ft.

Year Built : 1940

List Date : 2021-08-05

MLS# : B DEKT2001160

Waterfront Apartment land!! Waterfront on 3-sides!! This is an opportunity to help meet the high demand for new apartments within Sussex & Kent County. This property has a total of 3 +/- acres with the Mispillion River going right through it, and is situated in downtown Milford, DE adjacent to the Sussex County limits. There is the potential for 50+/- residential units with a commercial component as well. Recent apartment projects have been fully leased very quickly showing the demand in the market in this rapidly growing region.

Several incentives are available to help fulfill the residential demand for the market to include the Federal Opportunity Zone as well as downtown development district grants.

Multifamily development
Incentives: Federal Opportunity Zone & downtown development grants, credits, etc
High demand market
Waterfront on 3-sides



FEATURES

  • Construction: Vinyl Siding,Block
  • County: KENT
  • Lot Acres: 3
  • Tax Amount: $4,111.00
  • Tax Year: 2021
  • Water Type: River
  • Waterfront: Y

This listing is courtesy of SVN/Miller Commercial Real Estate