MLS # DESU2044978
32474 lighthouse rd, Selbyville, DE 19975
$7,900,000
Land
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 w Read More
Property Summary
Status:
Active
MLS #:
DESU2044978
Street Address:
32474 Lighthouse Rd
City, State Zip:
Selbyville, DE 19975
County:
Sussex
Property Type:
Land
Lot Type:
Land
Price
$7,900,000
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.Property Details
Utilities
Water Available:
N
Sewer:
Other
Exterior & Lot Features
Present Use:
Vacant
Lot Type:
Land
Lot Dimensions:
0.00 x 0.00
Septic Permit:
Other
SCHOOL INFORMATION
School District:
Indian River
OTHER PROPERTY INFO
City:
Selbyville
Area:
Baltimore Hundred (31001)
In City Limits:
No
Map Section:
Between Rt 1 & 113
New Construction:
No
Historic Distict:
No
Last Price Change:
12/26/2024 09:07:23
# of Day on Market:
520 Days
Financial Info
List Price:
$7,900,000
Annual Property Tax:
$527
Annual City Tax:
$0
Annual HOA Fees:
$0
Financing Type:
Cash, Conventional
LISTING FIRM
Listing Agent:
Coldwell Banker Realty
Listing Firm Phone:
2147483647
