Timing is everything when purchasing Land. Sellers took the property off the market in early January in order to assess the economic environment and study changing local land use regulations. This Sussex County wooded parcel is ideal for a development in one of the most beautiful rural areas of Delaware. Close enough to the Resorts, but far away enough to ensure peace and quiet. Millsboro is minutes away. This remarkable, pristine, wooded parcel allows 2/units to the acre. Artesian Water Co. has confirmed that they will install the laterals (needs a developer's plan). Property is mostly wooded, with mature trees. Timber report is included. Adjacent single family community selling prices are now $600k++. No heavy traffic, no night noises from living near downtown. A beautiful rectangular nearly 50 acre parcel within 20 minutes to the beaches. This parcel is in Level III. Recent legislative agenda supports this location for future development. Seller offering a reduced price of $4mm to cash investors who settle within 12 months.
