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Description
Two highly visible and accessible pad-sites at this amazing location at a brand new (soon-to-be) lighted intersection to better accommodate the constantly increasing amount of traffic in front of this site and located next to a new Residence Inn by Marriot (opening June 2020) and across the street from Beebe Hospital's Health Campus. This location is strategically located just 2,000+/- feet away from Rt. 1 offering easy and convenient access at a lighted intersection in addition to a right-in right-out. The site will be delivered with entrances in place. Currently, the sites are available as a Ground Lease.
Over the next two years, between the residential, commercial, and institutional investments planned for this corridor approximately a HALF BILLION DOLLARS will have been spent in new development within a half-mile of this site. Over the last decade the state has spent about $100 Million to build two 700+ capacity schools on the same road just to the west of this site, and that is in addition to the amount DelDOT will be spending to dualize Rt. 24 highway by 2022.
Beebe Hospital is currently undergoing a $130 Million Dollar expansion directly across the street as seen in the photo’s.
In summary, these pad-sites are right in the middle of all of this growth. Surrounded by residential, hospitality, and institutional uses this is the definition of a prime location.
Highlights
Corner Location at a Lighted Intersection
Surrounded by over a Half-Billion Dollars in recent development
Adjacent to a new hotel and a growing health campus
New apartment being built across the street
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
| Total Population | 2,730 | 21,398 | 41,229 | |
| Population Median Age | 54 | 53 | 54 | |
| Population by Age | 0-9 Yrs | 135 (4%) | 1175 (5%) | 2193 (5%) |
| 10-19 Yrs | 130 (4%) | 1482 (6%) | 2757 (6%) | |
| 20-29 Yrs | 221 (8%) | 1181 (5%) | 2544 (6%) | |
| 30-39 Yrs | 235 (8%) | 1741 (8%) | 2947 (7%) | |
| 40-49 Yrs | 176 (6%) | 1806 (8%) | 3316 (8%) | |
| 50-59 Yrs | 479 (17%) | 3594 (16%) | 6792 (16%) | |
| 60-69 Yrs | 657 (24%) | 5107 (23%) | 10423 (25%) | |
| 70+ Yrs | 696 (25%) | 5312 (24%) | 10258 (24%) | |
| Median HH Income | $64,053 | $75,741 | $78,164 | |
| Total Household Income | < 24K | 267 (18%) | 1483 (14%) | 2564 (12%) |
| 25-49K | 286 (20%) | 1769 (17%) | 3526 (17%) | |
| 50-74K | 256 (18%) | 1889 (18%) | 3422 (17%) | |
| 75-99K | 215 (15%) | 1550 (14%) | 2872 (14%) | |
| 100-199K | 291 (20%) | 2577 (24%) | 5037 (25%) | |
| 200K+ | 90 (6%) | 1106 (10%) | 2330 (11%) | |
| Highest Education Level | No Diploma | 166 | 943 | 1758 |
| Diploma or GED | 580 | 3961 | 8012 | |
| Some College | 408 | 2925 | 5845 | |
| Assoc. Degree | 223 | 1561 | 3091 | |
| Bachelors Degree | 543 | 4764 | 8811 | |
| Higher Degree | 422 | 3949 | 7459 | |
| Total Housing Units | 2,352 | 17,593 | 36,926 | |
| --Owner-Occupied | 1,188 | 8,800 | 17,132 | |
| --Renter-Occupied | 218 | 1,574 | 2,620 | |
| Owner-Occupied Values | < 100K | 155 | 913 | 2021 |
| 100-199K | 97 | 589 | 1283 | |
| 200-299K | 278 | 1338 | 2306 | |
| 300-399K | 367 | 2114 | 3789 | |
| 400-499K | 132 | 1258 | 2698 | |
| 500K+ | 158 | 2586 | 5035 | |
| Total Working Age Population | 2,502 | 19,237 | 37,302 | |
| In Work Force | 1,263 | 9,902 | 18,745 | |
| Not In Work Force | 1,239 | 9,334 | 18,557 | |
| Workforce Employed | 1,185 | 9,492 | 18,042 | |
| Workforce Unemployed | 76 | 390 | 674 | |
| Civlian Workforce | 1,261 | 9,882 | 18,716 | |
| Military Workforce | 2 | 21 | 30 | |
| Total Households | 1,406 | 10,373 | 19,752 | |
| Family Households | 747 | 6,179 | 12,391 | |
| Non-Family Households | 659 | 4,195 | 7,361 | |
| Married Couple | 614 | 5,292 | 10,677 | |
| Other Family | 133 | 887 | 1,714 | |
| Married w/Child | 88 | 975 | 1,708 | |
| Single Male w/Child | 14 | 89 | 169 | |
| Single Female w/Child | 22 | 127 | 328 | |
Population Change Last Two Decades - Plus Projection
| 2000 | % | 2010 | % | 2020 | % | 2030 | |
|---|---|---|---|---|---|---|---|
| Delaware | 783,600 | +15 | 897,934 | +10 | 989,803 | +6 | 1,044,965 |
| Sussex County | 156,638 | +26 | 197,145 | +19 | 235,396 | +8 | 255,143 |
| New Jersey | 8,414,350 | +4 | 8,791,894 | +4 | 9,132,700 | +4 | 9,530,900 |
| Cape May County | 102,326 | -5 | 97,265 | -3 | 94,100 | -1 | 93,300 |