We’ve always said that we like to mix things up a bit here on our “Home of the Week” blogs that we feature every Monday on thecoastalcompass.com.
And we’re definitely doing that for this second full week of 2021 as, for the very first time, we feature a commercial property that’s listed and for sale by the Oldfather Group.
That’s right! We sell commercial properties too, something a lot of people don’t realize.
Well we do and we have a great one to tell you about this week. It’s a property that’s actually in the middle of one of the newly created Delaware Opportunity Zones.
Keep reading for much more on 18293 DuPont Highway in Georgetown, as well as more on these newly created commercial zones in the state of Delaware.
This commercial property located on Route 113 in the Sussex County Seat of Georgetown rests on nearly five acres of prime real estate and is a great spot for the headquarters of your next business.
The former location of Redden Furniture, this commercial property is located in the middle of one of the State of Delaware’s 25 “opportunity zones,” designed to entice investors and business owners who are searching for a promising First State opportunity.
These Delaware Opportunity Zones are located throughout the state and include tracts in Wilmington, New Castle, Newark, Smyrna, Dover, Milford, Georgetown and Seaford.
According to state officials, “these tracts offer endless possibilities for investors interested in many sectors such as agribusiness, housing, technology, industry, infrastructure, business and recreation.”
They’re designated by the United States Treasury Department and were created in 2018 by Delaware Governor John Carney.
Today’s featured Oldfather Group property holds the designation of being in one of those zones, which provides unique opportunities for investors in central Sussex County.
Many investors in these “opportunity zones” are eligible for tax benefits from the State, something to ask your Realtor or tax advisor about before making an investment in this type of property.
The property located at 18293 DuPont Highway in Georgetown not only affords a fantastic location for a commercial business on one of the state’s busiest roadways, but the four acres behind the building can be utilized for a residence, for extra parking or for storage space. Or a combination of all three, if you so desire.
The land is zoned conditional use for Highway Commercial and, as stated above, features all of the benefits that come with being located in a Delaware Opportunity Zone.
That’s all we have for you on this week’s featured property, but be sure to check back next and every Monday as we continue showcasing some of the coastal region’s finest properties.
And to learn more about this commercial opportunity in Georgetown, call the Oldfather Group today at 302-260-2000 and speak to one of the coastal region’s most highly trained and knowledgeable real estate agents.
Have a great week everyone!