WOW! If you happen to be a strong investor and you have been looking for land in a great location, THIS IS DEFINITELY WHAT YOU WANT! Originally, this property was being sold with the surrounding land; however, the owners are currently subdividing the area so that this lot is available by itself at a better price. The 2.08 acres of land sits in the prestigious Estate of Corner Ketch community which is a sought after area in all of Newark, Wilmington and Hockessin. Now let's talk about some of the opportunities this property has to offer. Thought one consists of turning this area into a 55+ community. The surrounding homes are very large and some of the current owners may be looking to downsize into a smaller home but they'd love to stay right in this Corner Ketch area. Thought two includes building more of the admirable estates that make up this neighborhood. Again, this lot is located in such a great area and is in a well-known development. If you were to build more of the lovely homes Corner Ketch is known for, they are sure to be renown by all. Our final opportunity would be to build townhomes for the younger demographics. This is a safe central area and townhomes would be a great addition to the community. Young professionals who are beginning their careers are a target market that has not yet been explored in the community, and it could be a huge hit. If there is still doubt in your mind, take into consideration the 3.3 Walker Farm development in Hockessin. Ryan Homes created luxurious townhomes, twins and detached homes there in Hockessin and most of the homes sold before being built! Plus they had approximately the same amount of acreage this property does (if you purchase the other two Corner Ketch lots we have for sale. 847 & 851 Corner Ketch Road are also on the market. Therefore, with the purchase of this lot and the other two, you gain a combined area of 3.3 acres). If curious, I have a document from the New Castle County Land Use Committe
Courtesy of RE/MAX Of Wilmington-Limestone Rd
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