Description
Up for sale is the Twin Oaks Farm in Townsend, DE for $2.2m. The farm is 187 +/- acres at 300 Union Church Rd. Townsend, DE 19734. The scenic land borders Blackbird Creek to the south and a small piece of Rt 1 to the west. The convenient location is 5 miles to Middletown, 24 miles to Wilmington, and 45 miles west to the Bay Bridge or North to Philadelphia. The farmhouse was constructed in 1900 and was recently renovated. The kitchen still needs completing. The property has a 7-acre pond, fencing, barns, and privacy. A 7,000sqft barn is in the process of being converted to a second residence, rental housing for added income, or an amazing entertainment venue. A 40 +/- acre solar lease is pending on the property for added income with significant upside for an investor. Pro forma cap rate on potential residential leasing, the farm lease in place, and the future solar field is estimated at 8.5. Sellers are asking for cash-buyers only. Property will be sold in As-is condition with no warranty express or implied. All showings must be scheduled in advance.
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3BEDS
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186.9ACRES
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1BATHS
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01/2 BATHS
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2,175SQFT
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$1,011$/SQFT
Description
Up for sale is the Twin Oaks Farm in Townsend, DE for $2.2m. The farm is 187 +/- acres at 300 Union Church Rd. Townsend, DE 19734. The scenic land borders Blackbird Creek to the south and a small piece of Rt 1 to the west. The convenient location is 5 miles to Middletown, 24 miles to Wilmington, and 45 miles west to the Bay Bridge or North to Philadelphia. The farmhouse was constructed in 1900 and was recently renovated. The kitchen still needs completing. The property has a 7-acre pond, fencing, barns, and privacy. A 7,000sqft barn is in the process of being converted to a second residence, rental housing for added income, or an amazing entertainment venue. A 40 +/- acre solar lease is pending on the property for added income with significant upside for an investor. Pro forma cap rate on potential residential leasing, the farm lease in place, and the future solar field is estimated at 8.5. Sellers are asking for cash-buyers only. Property will be sold in As-is condition with no warranty express or implied. All showings must be scheduled in advance.
©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Erik Hoferer & Associates | Long & Foster. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-10-12T23:51:22.597.