5 Acres in Ellendale, DE - $479,900
INVESTOR OPPORTUNITY ALERT! This remarkable 5-acre residential zoned property, a hidden gem nestled just off Rt. 16 is a quick 20 min drive to Prime Hook beach and 30 minutes to Lewes and Rehoboth beaches. This property has never been farmed. Quiet rural location features plenty of backyard privacy. This expansive plot of land offers not only exceptional value but also the potential for an incredible return on investment. The home that sits on it has been rented since 2008 and for the past four years has had a reliable tenant. A site evaluation has been performed that shows this property could have two additional septics and confirmation from Sussex County Planning & Zoning states that this property is eligible for minor subdivision no smaller than 3/4 acre per lot. This is currently one parcel on a gravity fed septic. There is a beautiful brand new house being built next door. The curre...
INVESTOR OPPORTUNITY ALERT! This remarkable 5-acre residential zoned property, a hidden gem nestled just off Rt. 16 is a quick 20 min drive to Prime Hook beach and 30 minutes to Lewes and Rehoboth beaches. This property has never been farmed. Quiet rural location features plenty of backyard privacy. This expansive plot of land offers not only exceptional value but also the potential for an incredible return on investment. The home that sits on it has been rented since 2008 and for the past four years has had a reliable tenant. A site evaluation has been performed that shows this property could have two additional septics and confirmation from Sussex County Planning & Zoning states that this property is eligible for minor subdivision no smaller than 3/4 acre per lot. This is currently one parcel on a gravity fed septic. There is a beautiful brand new house being built next door. The current property features updated vinyl siding, replaced A/C system, and a metal roof that will last for many many years. Don't miss out!
