Fenwick Island, DE 19944,300 COASTAL HWY
Fenwick Island, DE 19944,300 COASTAL HWY
Fenwick Island, DE 19944,300 COASTAL HWY
7
$4,500,000
$4,500,000
Est.Price: ?

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18,000 SqFt

300 COASTAL HWY Fenwick Island, DE 19944

Est. payment /mo
SOLD DATE : 04/29/2022

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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

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Bright MLS (BMLS)
Listed by Thomas Lucks • Keller Williams Realty
Bought with Steven Himmelfarb • Himmelfarb Commercial, Inc.

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agent

Matt Kilmer

Agent | (VA)0225238026 (WV)WVS2003010

+1(540) 931-6089

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