MISPILLION MARINA
19817 Cedar Beach Road
Milford, DE 19963


For Sale $10,500,000
Status Current
Dave Kenton302-227-0768
<em>No Description</em><br/>Photo 1 of 6 <em>No Description</em><br/>Photo 2 of 6 <em>No Description</em><br/>Photo 3 of 6 <em>No Description</em><br/>Photo 4 of 6 <em>No Description</em><br/>Photo 5 of 6 <em>No Description</em><br/>Photo 6 of 6

Property Overview

Land SF/$ Per2,831,400 / $3.71
Acres/$ Per65.00 / $161,538.46
Property Use-
Zoning-
Parcel Number-
T, R, S-, -, -
Land Size65.000 acres
Bld SF/$ Per-/-
# of Stories-
Cap Rate0.00%
Vacancy-

Property Description

Commercial Development site with 65 acres C-1 & R-3 zoning enhanced by 92-slip marina and multi-family option. Direct highway access from Rt. 1-Coastal highway to resort communities on Atlantic coast.

Area Description

Delmarva Peninsula - Eastern Shore & Delaware

Property Features

  1. Intersection of Rt. 1 Coastal Highway and Rt. 36
  2. 45-acres of C-3 - Commercial Land - Milford Bypass
  3. 12- acres of R-3 - Multi-Family Residential
  4. 92-Boat Slips Approved by State of Delaware
  5. On/Off ramps access directly to Rt. 1 Highway

Financial Overview

List Price$10,500,000.00
Down Payment-
Cap Rate0.00%
Cash on Cash-
Financial Terms-
Consider Exchange-

Cash Flow

CF Type-
Year-
Scheduled Gross-
Reimbursement-
Vacancy-
Effective Gross-
Operating Expenses-
Operating Income-
Debt Service-
Capital Costs-
Cash Flow (pre-tax)-

Debt Information

Debt Type-
Debt Service-
Principal-
Interest Rate-
Amortization-
Due-
Loan Description-

General Property Information

Property Use-
Land SF2,831,400.000 sf
Land Acres65.000 acres
Building SF-
Bld SF/$ Per-/-
# of Stories-
Free StandingN/A
Zoning-
Parcel Number-
Broadband-
Gas-
Water-
Electric-

Listing User

Dave Kenton
Dave Kenton 302-227-0768