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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.
| DAYS ON MARKET | 0 | LAST UPDATED | 2/4/2026 |
|---|---|---|---|
| YEAR BUILT | 1980 | COMMUNITY | Indian River Hundred (31008) |
| COUNTY | SUSSEX | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | INDIAN RIVER |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | Indian River Hundred (31008) |
| HEAT | None |
| LOT | 7.18 acre(s) |
| PARKING | Parking Lot |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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