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416 NE 10th St - 21+/- Acres / C3 Zoning!
21 Acres of Residential Land Offered at £3,061,465 in Milford, DE 19963
Investment Highlights
- New $30M overpass to the Dual Highway – DelDot Approved
- Within 2 miles of new $300M BayHealth South Campus
- Within 7 miles of new DE Turf Sports Complex
- New $5M Service Road Adjacent to Site – DelDot Approved
- Within 2 miles of new $75M Nemours Pediatric Center
- Centrally located to Delaware Beaches
Executive Summary
Sunnybrae Mansion is a 3-story 10-bedroom mansion built in 1937. It’s Georgian Revival style and could be utilized as a conference center if a developer so desires. The owner stated that the 2023 net income was OVER $200,000.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | £3,061,465 | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 21.00 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | £3,061,465 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 21.00 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | £3,061,465 | Lot Size | 21.00 AC |
| Price Per AC | £145,784 |
| Price | £3,061,465 |
| Price Per AC | £145,784 |
| Lot Size | 21.00 AC |
The development opportunity consists of eight separate parcels totaling approximately 71+/- acres. The entire property is in an Opportunity Zone, which could provide excellent tax benefits. This 21+ acre portion is located at 416 NE 10th Street.
Description
In addition to the 21+ acres that can be developed, the property has the Sunnybrae Mansion. Built by a friend of the renowned DuPont family in 1937, the three-story Sunnybrae Mansion, known as "The Jewel of Milford, Delaware", is a beautifully preserved piece of history. With 6,800 square feet of Georgian Revival-style architecture and early 20th-century grandeur, the estate boasts a harmonious blend of family pieces, antiques, and reproductions. And since 2008, this space has been available as a bed and breakfast and event venue for weekend getaways or weddings and celebrations.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 (2024) | |
| Land Assessment | £1,049,847 (2024) | Total Assessment | £1,049,847 (2024) |
PROPERTY TAXES
zoning
| Zoning Code | C-3 (The purpose of the C-3 District is to provide for larger-scale uses that may require large amounts of parking space or have high traffic.) |
| C-3 (The purpose of the C-3 District is to provide for larger-scale uses that may require large amounts of parking space or have high traffic.) |
-
Mark Larson -
Lee & Associates
Presented by
416 NE 10th St - 21+/- Acres / C3 Zoning!
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