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. Development fundamentals are already in place, including an approved DelDOT entrance plan and public water and sewer taps available at the street, minimizing entitlement risk and accelerating timelines.
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.

Documents