Multi-Family

Spring Hall - Live-Work-Play Development

Listing Price: $17,000,000

Lot Size
255.70 acres
Price/Acre
$66,484
Land Type
Land
Buildable Square Feet
11,138,000

Investment Overview

Marcus & Millichap is proud to exclusively list for sale the opportunity to purchase Spring Hall, Frederica, DE. The subject property is a 255.7 acre residential & commercial development site in Central Delaware with plans for 1,007 residential lots, 9 retail lots, and 3 office lots. The plans have preliminary approval by Town of Frederica. Water and sewer are available at the site. The breakdown of units is as follows: Single Family Lots- 497 with two different lot sizes Duplex Lots- 186 Townhouse Lots-324 Commercial Office Units- 3 with one site to be occupied by the Town of Frederica Commercial Retail Units- 9 with a 64,667 SF grocery store Frederica, DE is a historic town that is located between Dover & Delaware Beach Resorts. Only Minutes from award winning golf courses, pristine beaches, Mid-Atlantic’s largest turf sports complex, Dover Downs Casino & Hotel, NASCAR Dover Speedway, There has been over ten percent population growth since 2010. There is a strong government and military presence in this area due to the close proximity to the State Capital and the US Air Force Base in Dover, DE. The average household income is $78,000 per year and the median HH income is $63,300 per year.

Investment Highlights

  • Mixed-Use Residential Community With Extensive Amenities
  • Community Will Feature Grocer, Service Retailers, Clubhouse, Swimming Pool
  • Close Proximity To State Capital, Dover Air Force Base, NASCAR Track, Casino

Exclusively Listed By

Financing By

  • Stephen Arrivello

    Director

    Direct:

    Email Stephen

    Philadelphia, PA

Multi-Family

Spring Hall - Live-Work-Play Development

Listing Price: $17,000,000

Lot Size
255.70 acres
Price/Acre
$66,484
Land Type
Land
Buildable Square Feet
11,138,000

Investment Highlights

  • Mixed-Use Residential Community With Extensive Amenities
  • Community Will Feature Grocer, Service Retailers, Clubhouse, Swimming Pool
  • Close Proximity To State Capital, Dover Air Force Base, NASCAR Track, Casino

Investment Overview

Marcus & Millichap is proud to exclusively list for sale the opportunity to purchase Spring Hall, Frederica, DE. The subject property is a 255.7 acre residential & commercial development site in Central Delaware with plans for 1,007 residential lots, 9 retail lots, and 3 office lots. The plans have preliminary approval by Town of Frederica. Water and sewer are available at the site. The breakdown of units is as follows: Single Family Lots- 497 with two different lot sizes Duplex Lots- 186 Townhouse Lots-324 Commercial Office Units- 3 with one site to be occupied by the Town of Frederica Commercial Retail Units- 9 with a 64,667 SF grocery store Frederica, DE is a historic town that is located between Dover & Delaware Beach Resorts. Only Minutes from award winning golf courses, pristine beaches, Mid-Atlantic’s largest turf sports complex, Dover Downs Casino & Hotel, NASCAR Dover Speedway, There has been over ten percent population growth since 2010. There is a strong government and military presence in this area due to the close proximity to the State Capital and the US Air Force Base in Dover, DE. The average household income is $78,000 per year and the median HH income is $63,300 per year.

Exclusively Listed By

Financing By

  • Stephen Arrivello

    Director

    Direct:

    Email Stephen

    Philadelphia, PA

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