|
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 $10,850 in monthly income ($130,200 annually). This allows a buyer to maintain cash flow while entitlements, design, or phased redevelopment are pursued"”a true value-add scenario. Water/sewer is located at the front of the property in the street. 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 | 14 | LAST UPDATED | 2/4/2026 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Indian River Hundred (31008) |
| COUNTY | SUSSEX | STATUS | Active |
| PROPERTY TYPE(S) | Lot/Land/Acreage |
| School District | INDIAN RIVER |
|---|
| ADDITIONAL DETAILS | |
| AREA | Indian River Hundred (31008) |
|---|---|
| LOT | 7.18 acre(s) |
| SEWER | Public Sewer |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Dave
McCarthy to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by SVN/Miller Commercial Real Estate
Based on information from Sussex County Association of REALTORS®, Inc., which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market.
Copyright 2026 Sussex County Association of REALTORS®, Inc.
This IDX solution is (c) Diverse Solutions 2026.
