Remarks

7.18 acres with CR-1 zoning on Rt 9 just East of the Rt 5 intersection in Harbeson. CR-1 zoning is a rare zoning and code allows for a huge range of uses both commercial and residential. A mixed use concept of a 21,000 sqft commercial building up front and 48 garden style apartments on the remaining is an example that the owner has drawn up as a concept plan. Artesian Water and Sewer is available at the road. Existing rents just north of $11k per month are on a month to month basis. The existing block building can be renovated and sectioned for multiple tenants to make this a good ROI income property if you prefer to do so prior to re-development. Owners have extensive survey work and concept plans on file.

Details

MLS#: DESU2072206
Price: $2,200,000

Year Built: 1970

County: SUSSEX
Tax Fee: 624.0