UPDATED:
09/24/2024 04:08 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Under Contract
Purchase Type For Sale
Square Footage 6,200 sqft
Price per Sqft $306
MLS Listing ID DESU2067732
Originating Board BRIGHT
Annual Tax Amount $4,956
Tax Year 2023
Lot Size 0.950 Acres
Acres 0.95
Lot Dimensions 0.00 x 0.00
Property Description
The 2019 remodel has significantly enhanced the building's appeal, with coastal design-inspired finishes and architectural details that are sure to attract tenants or customers. The two levels of office space provide flexibility, whether for a single business or multiple tenants. The ample parking, with 20 private spaces, is a significant asset, particularly in a busy coastal area.
For an owner/operator, the possibility of occupying the first floor while renting out other spaces adds an attractive income-generating aspect to the investment. The fact that the property is part of a condominium but does not share in condo fees is another financial advantage.
Given the location, design, and features, this property seems well-suited for businesses seeking a prominent presence in Fenwick Island or for investors looking for a property with both immediate use and long-term redevelopment potential.
Location
State DE
County Sussex
Area Baltimore Hundred (31001)
Zoning TN
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Heat Pump(s)
Flooring Luxury Vinyl Plank, Partially Carpeted
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 20.0
Waterfront N
Water Access N
View Canal, Panoramic, Street
Roof Type Architectural Shingle,Pitched
Accessibility Other
Parking Type Parking Lot
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Indian River
Others
Tax ID 134-23.12-228.00-9
Ownership Fee Simple
SqFt Source Assessor
Security Features Main Entrance Lock,Smoke Detector
Special Listing Condition Standard
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Joseph Lam
Broker Associate | License ID: 0682262
Broker Associate License ID: 0682262
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