On a main route, this 6 acre lot has great potential. A total of 3 tax parcels all being sold together. This lot has a ranch home sitting on it that is currently occupied and obtaining rental income of $1,800 per month. Tenant can remain or leave for new owner(s). So many possibilities to list. Looking for a quick sale. This property is available for immediate occupancy.
A high visibility property on 1.83 acres commercially zoned with 400' of road frontage on U.S. Route 40 in Bear, Delaware. This commercial zoned area include a 4-unit, 4200 square feet, fully leased, retail center and 1.2 acres of undeveloped road frontage on U.S. Route 40. The total NOI for the commercial center has a 6% cap rate. Great potential for additional changes to increase maximum income. Many possibilities for the 1.2 undeveloped area with approximately 260" of Route 40 frontage to build additional retail space , Car wash, Convenience store, Daycare, Medical or Office building, or many other applications.
Daltons Mobile Home Park . A 45 unit manufactured housing community on 5.77acres off Route 40 in Bear, Delaware. .* This income producing property has a 96% occupancy rate, and is 96% resident owned units. * Great potential for additions and changes to increase maximum income. - Fill two (2) developed vacant sites in the community. - Potentially add two(2) additional sites in undeveloped area at rear of community. -Rental of single family home on property. -Transfer water & sewer costs to tenants
Investment Opportunity on the highly sought Route 40 (Pulaski Highway) in Bear. This parcel is 0.92 which is a little less than an acre. The property has 11 motel rental units with parking. There is an extension of the building in the rear so there is more potential space for development or expansion. The property is currently zoned CR which provides opportunity for the development of various business types.
Bear is located in Delaware. Bear, Delaware has a population of 20,401. Bear is more family-centric than the surrounding county with 35.8% of the households containing married families with children. The county average for households married with children is 29.09%.
The median household income in Bear, Delaware is $71,093. The median household income for the surrounding county is $68,336 compared to the national median of $57,652. The median age of people living in Bear is 36.2 years.
The average high temperature in July is 86.4 degrees, with an average low temperature in January of 23.1 degrees. The average rainfall is approximately 46 inches per year, with 7.8 inches of snow per year.
