38016 Fenwick Shoals

    Selbyville, DE 19975
    • $2,950,000
    • STATUS: Active
    • ON SITE: 180 days
    • MLS #: 723335
    UPDATED: 59 min ago
    $2,950,000
    • 0
      BEDS
    • 1.83
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2006
    County:

    School Ratings & Info

    School District:

    Description

    This is the sale of Fenwick Shoals Shopping Plaza. In addition to parcel 753 (1.25 acres) it also includes tax parcel 754 (.63 acres) The total of both parcels that convey is 1.83 acres. The total square foot of improvements for both parcels is 15,940 sq. ft. Parcel 753 is improved w/8,030 s.f. retail bldg (sale does not include Mio Fratello's). Parcel 754 is improved w/Billie's Sub Shop (1,271 s.f.) and Freeman Foundation Bldg (6,375 s.f.). Existing leases to be honored. Currently two vacant spaces available for lease. Current total yearly rent with CAM $131,276. If remaining two units were leased, additional $150,000 +- of yearly rental income would be available.

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    © 2018 Sussex County Association of REALTORS®, Inc. Based on information from Sussex County Association of REALTORS®, Inc., which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market. The Allison Stine Team at Long and Foster Real Estate is a real estate licensee in the State of Delaware. SCAOR #10191. Data last update 2018-02-18T23:29:53.387.
    www.allisonstineteam.com/homes/76129208

    38016 Fenwick Shoals Selbyville, DE 19975

    • Price: $2,950,000
    • Status: Active
    • Updated: 59 min ago
    • MLS #: 723335
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.83
    Acres
    2006
    Built
    Neighborhood:
    Fenwick Shoals
    County:
    Sussex
    Area:
    Baltimore Hundred
    School District:
    Indian River
    Property Description
    This is the sale of Fenwick Shoals Shopping Plaza. In addition to parcel 753 (1.25 acres) it also includes tax parcel 754 (.63 acres) The total of both parcels that convey is 1.83 acres. The total square foot of improvements for both parcels is 15,940 sq. ft. Parcel 753 is improved w/8,030 s.f. retail bldg (sale does not include Mio Fratello's). Parcel 754 is improved w/Billie's Sub Shop (1,271 s.f.) and Freeman Foundation Bldg (6,375 s.f.). Existing leases to be honored. Currently two vacant spaces available for lease. Current total yearly rent with CAM $131,276. If remaining two units were leased, additional $150,000 +- of yearly rental income would be available.
    Exterior Features

    Exterior Type Cedar Siding Lot Size 0 Road Access CountyState Highway Roofing Metal

    Interior Features

    Basement None Cooling System Zoned A/C Heating System Multi Zone Office Sq Ft 15940 Primary Flooring CarpetVinyl Warehouse Sq Ft 0

    Property Features

    Accessibility None Association Fee 0 Building Type CondoFreestandingStrip Center City Taxes 0 Condo Fees 0 Condo Ownership No County Taxes 5010 Current Building Use Food ServiceOfficeRestaurantRetail Disclosures Subj To Rental/Lease Agrm Documents On File Aerial PhotosSite PlanSurvey Financing CashConventional Historic District YNProperty No In City Limits YN No Land Options Fee Simple MLS Sussex County Ownership Fee Simple Property Type Commercial Improved Rent Income 131276 Rental No Sale Of Bldg Subj To Tenant Lease Sewer Sewer-Public Central Short Sale No Site Improvement Pole SignRoad Cut Utilities On Site 208/220 Volt ServiceIndividual Meters Water Water-Public Central Zoning Features B1

    Courtesy of Coldwell Banker Residential Brokerage


    © 2018 Sussex County Association of REALTORS®, Inc. Based on information from Sussex County Association of REALTORS®, Inc., which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market. The Allison Stine Team at Long and Foster Real Estate is a real estate licensee in the State of Delaware. SCAOR #10191. Data last update 2018-02-18T23:29:53.387.
    The Allison Stine Team at Long and Foster Real Estate
    33298 Coastal Highway
    Bethany Beach DE, 19930