For more information regarding the value of a property, please contact us for a free consultation.
300 COASTAL HWY Fenwick Island, DE 19944
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $4,500,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 18,000 sqft
Price per Sqft $250
MLS Listing ID DESU2014426
Sold Date 04/29/22
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $6,725
Tax Year 2021
Lot Size 1.130 Acres
Acres 1.13
Lot Dimensions 330.00 x 150.00
Property Sub-Type Retail
Property Description
Now for sale, The Village of Fenwick. The only Fenwick Island highway retail and restaurant real estate for sale. With 330 foot of direct road frontage, 155-foot southern depth, and 204-foot northern depth, this parcel sits on the canal leading into Lighthouse Cove and the Little Assawoman Bay. This 1.13-acre commercial parcel with 64 parking slots (with access off W Maryland Ave,) has multiple and well-established Fenwick Island restaurants and retail shops comprising 4 large buildings and is ready for you. The total retail space square footage is approximately 18,000 s/f. All shops are tenant occupied- steady income to you. Keep the property as it is or redevelop it to suit. This is a prime commercial highway location with high visibility highway signage and is heavily trafficked with a 10-year median DELDOT AADT of 12,000 plus. Sits right on the canal with waterfront dining and several courtyards. Rent Roll provided to prospective buyers with signed NDA. The tenants have operating businesses, so out of professional courtesy, showings to take place prior to shop(s) daily operating hours.
Location
State DE
County Sussex
Area Baltimore Hundred (31001)
Zoning TN
Interior
Hot Water Electric
Heating Other
Cooling Other
Heat Source Electric
Exterior
Garage Spaces 65.0
Utilities Available Above Ground
Water Access Y
View City, Courtyard, River
Street Surface Black Top
Accessibility Level Entry - Main
Road Frontage City/County
Total Parking Spaces 65
Garage N
Building
Lot Description Corner, Bulkheaded, Level, Road Frontage, Stream/Creek
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Indian River
Others
Tax ID 134-23.20-47.00
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Bank Portfolio
Listing Terms Cash, Conventional, Bank Portfolio
Financing Cash,Conventional,Bank Portfolio
Special Listing Condition Standard
Read Less

Bought with Steven Himmelfarb • Himmelfarb Commercial, Inc.