1 N Maple Ave, Milford, DE 19963

Multifamily development opportunity! Depending on the layout, the density for the site could be 36-52 units. This is an opportunity to help meet the high demand for new apartments within Sussex & Kent County. This property has a total of 3 +/- acres with the Mispillion River going right through it, and is situated in downtown Milford, DE adjacent to the Sussex County limits. There is the potential for 50+/- residential units with a commercial component as well. Recent apartment projects have been fully leased very quickly showing the demand in the market in this rapidly growing region. The property is currently leased providing income while you go through your approval process. Several incentives are available to help fulfill the residential demand for the market to include the Federal Opportunity Zone as well as the potential for downtown development district grants.  « show less

Multifamily development opportunity! Depending on the layout, the density for the site could be 36-52 units. This is an opportunity to help meet...  show more »