Fully Approved Commercial Development Site - Sussex County

5877 S Rehoboth Blvd. Milford, DE 19963

5877 S Rehoboth Blvd., Milford, DE, 19963
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FOR SALE FOR LEASE
Property Type:
Other Land
Amount:
$3,000,000
Last Verified:
Jun 19, 2024

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Highlights


Description

Deep Branch Plaza is a commercial development site located in Milford's rapidly growing southeast quadrant. The site is fully approved and ready for permits, saving you time, hassle, and money in obtaining development approvals. Not only are approvals in place, a sewer pump station has also been installed, and the DelDOT approved entrance and offsite work are complete and have been inspected and accepted. Natural gas will be provided by Chesapeake Utilities, and electricity, water, and sewer will be provided by the City of Milford.

Situated less than 1 mile from Route 1, and less than 2 miles from Bayhealth Hospital, this location is in the center of the path of progress. This 10.35-acre site includes two restaurant pad sites and multiple retail buildings of varying sizes. The restaurant sites, situated at the edge of the property, provide a beautiful view of the adjacent river/stream and the retention pond, making them ideal for outdoor seating. Upon completion, Deep Branch Plaza will have around 47,000 square feet of retail and office space. The property is contiguous with Windward on the River, a 264-unit luxury apartment community, with the two sites connected by a brand-new internal road and scenic walking paths. The current owners will also consider leasing spaces within the to-be-built center with square footage options ranging from 1,924 square feet to 9,620 square feet.

Deep Branch Plaza will feature +/-47,000 SF of retail and office space at completion consisting of two restaurants, one office building, and multiple retail/office buildings ranging in size. The property is contiguous to a 264-unit luxury apartment community that is 100% leased called "Windward on the River", with the two sites being connected via an internal road and a scenic walk path. This commercial project offers easy access to Route 1 being less than 1 mile away and also benefits from its close proximity to the newly constructed, state-of-the-art Bayhealth Hospital Sussex Campus.

The property is located in the fast-growing eastern Sussex County, Delaware in the city of Milford and situated just one-miles from Route 1 and adjacent to the new 264-unit apartment community "Windward on the River".

Lot Size: 10.35 acres


Documents

SVN - Brochure (L)
Zoning Uses - C1 & C3 (1).pdf
Site plan.pdf

Units for Lease

Office 1
Space Available: 4200 SF
Lease Type: NNN
Retail building 1
Space Available: 1924 SF
Lease Type: NNN
Restaurant building 1
Space Available: 7000 SF
Lease Type: NNN

Map of 5877 S Rehoboth Blvd., Milford, DE, 19963

Presented by:
SVN | Miller Commercial Real Estate

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Wesley Cox


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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