For sale

$7,000,000

Est. $39,417/mo

Land

•

19.47

acres (lot)

2367 Bay Rd, Milford, DE 19963

About this home

This expansive 19.47-acre parcel offers an exceptional opportunity for commercial development in a highly accessible location along Bay Rd. Situated just outside the heart of Milford, DE, this property provides ample space for a variety of business ventures. The land is zoned for commercial use, making it ideal for retail, office buildings, industrial facilities, or other development opportunities. Key Features: Size: 19.47 acres of cleared, flat land ready for development Zoning: Commercial use zoning (verify with local authorities for specific permitted uses) Location: High-visibility frontage along Bay Rd with easy access to major highways and surrounding towns Infrastructure: Utilities available at the street; ready for connection Proximity: Close to residential neighborhoods, retail centers, and the growing Milford business district Development Potential: Versatile land perfect for large-scale projects with abundant space for parking, expansion, and more Whether you're looking to expand your business or invest in a high-potential area, this property offers the ideal combination of size, location, and flexibility for a wide range of commercial uses. Don't miss this rare opportunity in one of Delaware's fastest-growing regions.

Vacant landProperty Type

19.47 acresLot Size

$359,527Price/Acres

Listed by Keith Walpole • R&R Commercial Realty

•302-674-3400 (broker)

•cindyy869@gmail.com (broker)

Listed by Marie Biro • R&R Commercial Realty

•302-674-3400 (broker)

•cindyy869@gmail.com (broker)

Listing updated: Oct 5, 2026 at 03:12pm

Redfin checked: 2 minutes ago

•Source:BRIGHT MLS #DEKT2042938

Payment calculator

$39,417 per month

Principal and interest$37,728

Property taxes

$56

HOA dues

Home insurance

$1,633

Utilities

Add

Affordability tools

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Nearby open houses (10)

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32 Broad St, Greenwood, DE 19950
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OPEN SAT, 12PM TO 3PM
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2 beds2 baths1,562 sq ft
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$455,000
5 beds3.5 baths3,056 sq ft
78 Anchor Ln, Milford, DE 19963
0.23 acre lot • Built 2016
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OPEN SAT, 4PM TO 6PM
$329,990
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123 Kennison Ln, Dover, DE 19901
$125 HOA • Built 2024
(855) 450-0442
OPEN SUN, 1PM TO 3PM
$359,000
3 beds2 baths1,344 sq ft
592 S Old Mill Rd, Dover, DE 19901
0.5 acre lot • Garage • Built 1975
(302) 677-0020
OPEN NOV 14, 10AM TO 12PM
$479,500
4 beds2.5 baths2,619 sq ft
119 Starland Way, Milford, DE 19963
0.28 acre lot • 2 garage spots • Built 2005
(302) 934-8818

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Around this home

Schools

K - 12
Preschool & daycare

Banneker (Benjamin) Elementary School

Public 1-5 • Assigned • 3.5mi

5/10

Milford Central Academy

Public 6-8 • Assigned • 2.9mi

3/10

Milford Senior High School

Public 9-12 • Assigned • 2.9mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Vacant lot (no existing interior features)

Sale and tax history for 2367 Bay Rd

Sale History
Tax History

Date

Event

Price

BRIGHT MLS #DEKT2042938

Dec 8, 2025

Listed

$7,000,000

BRIGHT MLS #1001006516

Feb 29, 2016

Sold

$300,000

Feb 3, 2016

Listing Removed

—

May 26, 2015

Listed

$300,000

Price Reduction for Quick Sale!! Seller Motivated. Property is 19.47 level acres with Multi-Zoning. Lot of 3 zones - General Industrial, small Agricultural Residential lot with home that has NO Value, over 16 acres Agricultural Conservation(expired). Two road frontages - 1,800 ft road frontage on southbound side of Rt. 113 (Mile Marker 46.0), 1,200 ft road frontage on Old Cemetery Rd. Surrounded by Commercial properties. Being sold for Land Value Only with Commercial potential. In the Growth Zone. Located 1 1/2 miles south of Intersection where the new Kent County Regional Sports Complex will be built. Excellent area for a hotel, restaurant or business catering to the influx of visitors to the area in regard to the Sports Complex or on their way to the Beach Resorts. Underground utilities on Rt. 113 & Old Cemetery Rd. Well on Property.

BRIGHT MLS #1001006536

Feb 29, 2016

Sold

$300,000

Feb 3, 2016

Listing Removed

—

May 26, 2015

Listed

$300,000

+10

Price Reduction for Quick Sale!! Seller Motivated. Property is 19.47 level acres with Multi-Zoning. Corner Lot with 3 zones - General Industrial, small Agricultural Residential lot with home that has NO Value, over 16 acres Agricultural Conservation(expired). Two road frontages - 1,800 ft road frontage on southbound side of Rt. 113 (Mile Marker 46.0), 1,200 ft road frontage on Old Cemetery Rd. Surrounded by Commercial properties. Being sold for Land Value Only with Commercial potential. In the Growth Zone. Located 1 1/2 miles south of intersection where the new Kent County Regional Sports Complex will be built. Excellent area for a hotel, restaurant or business catering to the influx of visitors to the area in regard to the Sports Complex or on their way to the Beach Resorts. Underground utilities on Rt. 113 & Old Cemetery Rd. Well on Property.

Year

Property tax

Land + Additions

Assessment*

2026

$671 (+0.2%)

$185,400

2025

$669 (−4.2%)

$185,400

2024

$699 (+20.5%)

$185,400

2023

$580 (+2.3%)

$185,400

2022

$567 (−14.3%)

$12,200 + $13,600

$25,800

2021

$661 (−0.8%)

$12,200 + $13,600

$25,800

2020

$667 (−0.5%)

$16,000 + $13,600

$29,600

2019

$670 (−0.3%)

$16,000 + $13,600

$29,600

2018

$672 (−1.0%)

$16,000 + $13,600

$29,600

2017

$679 (−5.7%)

$16,000 + $13,600

$29,600

2016

$720 (+36.6%)

$16,000 + $13,600

$29,600

2015

$527 (+2.5%)

$16,000 + $13,600

$29,600

2014

$514 (−2.7%)

$16,000 + $13,600

$29,600

2013

$528

$16,000 + $13,600

$29,600

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

19.47 Acres

Year renovated

—

Finished Sq. Ft.

1,064

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,064

Year built

1952

Style

Single Family Residential

County

Kent County

APN

5-00-152.00-01-45.00-000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 12, 2026.

GROWTH ZONE OVERLAY DISTRICT

General Business District

The purpose of the BG General Business District is to: Provide for a broad range of commercial activities and a variety of large retail stores and related activities occupying prime retail land and serving a regional community; and Prohibit uses which may be detrimental to residential neighborhoods and communities for reasons such as odor, smoke, dust, fumes, fire, vibrations, noise or hazardous conditions.

Zone overlays

Permitted uses

Include but are not limited to:

Agriculture
Greenhouse / nursery
General retail
Restaurant
Bed & breakfast
Office
Public service
Recreation
Neighborhood center
Park & open space

Historical weather

Milford, DE • 19963

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

95/ 100

Exceptional sunlight

Sunscore

This home receives average direct sun exposure in Milford. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.8 hrs

6.1 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 2367 Bay Rd

$5,618,192

$1.4M under list price of $7.00M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $350K to $500K.

SOLD OCT 9, 2026
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basement
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SOLD DEC 18, 2025
$479,900 Last sold price
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basement

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Details provided by BRIGHT MLS and may not match the public record. Learn more.

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About this home

Payment calculator

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See this home in person

Nearby open houses (10)

Interested in buying?

Around this home

Schools

Lifestyle

Property details

Sale and tax history for 2367 Bay Rd

Public record

Historical weather

Sun exposure

Redfin Estimate for 2367 Bay Rd

Early Access listings

Nearby similar homes

New listings for sale in 19963

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