112 S DELAWARE ST SMYRNA, DE 19977

Features

• Lot Size: 0.06 acres
• Stories: 2
• Heating: 3
• Construction Type: Frame
• Exterior Walls: Wood

Facts

• Year Built: 01/01/1870
• Property ID: 870534283
• MLS Number: DEKT2026818
• Parcel Number: 1-17-010.17-05-52.00-000
• Property Type: Vacant Land
• County: Kent
• Legal Description: NE SD DEL AVE LOT 3250 SQ FT 112 SOUTH DELAWARE STREET
• Zoning: R2
• Listing Status: Active

Pre-Foreclosure Info

• Date Defaulted Lien: 09/28/2022
• Amount Defaulted: $6,280
• Recording Date: 09/28/2022
• Recording Year: 2022

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Discover an exceptional development opportunity in the heart of Smyrna's Downtown Development District with this unique, cleared parcel of land. Located within city limits, this property presents a rare chance to partake in the area's revitalization, especially with current grants offering significant financial incentives. When you invest in building on this land, you're eligible to receive 20% back on your construction costs, exclusive of the land's purchase price. For example, a $100K investment in your new home could earn you a $20K rebate, making it an ideal choice for both personal and investment purposes. While the property is somewhat narrow, it offers the creative potential for a distinctive, long and narrow home design, adding a unique character to your project. This does mean that obtaining a variance from the city's planning, zoning, and council authorities will be necessary due to the side yard setbacks. But the effort is well worth it, given the property's prime location. It's just a short walk to downtown's vibrant scene and a nearby school, placing future residents at the center of convenience and community life. This land isn't just a piece of property; it's a foundation for your vision and a substantial contribution to the thriving future of Smyrna. Take this chance to build something truly special, whether it's your dream home or an innovative investment.