$650,000
Six building lots in the Historic Village of Phillips Mill-Builder/Contractor Opportunity
An exceptional investment opportunity awaits in The Historic Village of Phillips Mill, a thoughtfully planned, age-restricted luxury neighborhood offering both charm and modern convenience. These six remaining building sites are perfectly suited for a builder or contractor seeking to make a meaningful impact in a distinctive and upscale community.
This offering includes six improved building lots with electric, water and gas already to each homesite.
The lots are 4 townhouse lots and a barn that would be 2 twin (semi-detached) home lots.
All infrastructure improvements have been completed, significantly streamlining the construction process. With utilities and site work already in place, the path to securing building permits is clear—minimizing delays and maximizing efficiency.
Even more valuable, all existing building plans are included with the sale saving time and design costs while providing a cohesive architectural vision for the remaining homes.
Phillips Mill is a Distinctive Residential Community.
The greater neighborhood features a carefully curated mix of 17 residences, including: Historic-inspired mill homes Semi-detached homes A 3-unit condominium building and a charming farmhouse. This blend of architectural styles creates character and visual interest while maintaining a cohesive, upscale aesthetic. Located just minutes from the University of Delaware, the property benefits from strong locational appeal. Its proximity to campus makes it highly attractive to faculty, staff, and other professionals seeking refined, low-maintenance living within a peaceful setting.
The sale includes the following lots: 102 Joshua Lane, 104 Joshua Lane, 106 Joshua Lane, 108 Joshua Lane, 103 Joshua Lane, and 105 Joshua Lane.
The seller is also open to possible owner financing, offering additional flexibility and enhancing the investment potential.
Investment Highlights:
✔️ Improved lots
✔️ Existing Building plans included
✔️ Diverse housing options (townhomes & twins)
✔️ Established luxury, age-restricted community
✔️ Close proximity to University of Delaware
✔️ Potential seller financing available
This is a rare opportunity to step into a well-planned, character-rich neighborhood with much of the groundwork already complete. For a builder or contractor looking to develop in a desirable location with strong market appeal, The Historic Village of Phillips Mill represents a compelling and turnkey opportunity.
102 Joshua (6 Building Lots) Ln, Newark
Listing courtesy of Coldwell Banker Realty. Contact: 3022341888