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Listed by Nancy Reither • Coldwell Banker Realty
$ 5,900,000
Est. payment | /mo
8.4 Acres Lot
$ 5,900,000
Est. payment | /mo
8.4 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID DESU2044978
HOA Y/N N
Available Date 2023-07-29
Annual Tax Amount $527
Tax Year 2023
Lot Size 8.400 Acres
Acres 8.4
Lot Dimensions 0.00 x 0.00
Property Sub-Type Land
Source BRIGHT
Property Description
Prime commercial location in Selbyville of 10.09 acres. This is a rare commercial development opportunity on the busy intersection of Lighthouse Sound Rd. (Route 54) and Hudson Rd. There are already many existing new homes surrounding this property and more than 3,200 additional homes are coming soon. This is the perfect location for a shopping center, multiple smaller retail businesses, and/or medical or other professional offices to serve these homes and the entire Selbyville, Bayside, Fenwick, Ocean City area. The Seller will finance up to 70% of the purchase price at 1 percent below the current prime lending rate for up to 5 years. If you are interested in only the highly visible corner piece on Hudson Rd. and RT 54 seller will sell a 3-acre parcel on that corner for $3 million. This is an incredible business opportunity. The property is located 8 miles from the beach.
Location
State DE
County Sussex
Area Baltimore Hundred (31001)
Zoning TN
Exterior
Water Access N
Garage N
Building
Sewer Other
Water None
Schools
School District Indian River
Others
Tax ID 533-17.00-182.00
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby Locations
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