$2,100,000 Price Analysis    ♡   Fenwick Island, DE 19944 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.56 acre lot. Listed 2024-04-12, Taxes $44 | Ⓧ USDA Ineligible due to property near Fenwick Island |
This is a prime location in sought-after Fenwick Island!
This is an extremely rare pportunity to purchase C-1 commercial land in Fenwick Island DE close to the beach and Atlantic Ocean. A salty breeze carries the scent of the Atlantic Ocean as you stand on these 4 commercially zoned C-1 parcels in Fenwick Island. Just a few blocks east the waves crash against the shore, a constant reminder of the area's beachside charm. The possibilities are endless. One potential would be a vibrant multifamily community development that caters to a variety of residents seeking a comfortable and convenient beach lifestyle. The development could offer a range of unit sizes, from cozy cottages to sizeable multi-bedroom townhomes. The potential for shared amenities adds another layer to the multifamily living experience. Perhaps even a swimming pool or fitness center could be incorporated, creating a space for relaxation and healthy living. Other possibilities include a shopping center, multiple smaller retail businesses, and/or medical or other professional offices or leave as mobile home parks.
This land is close to the Fenwick and Ocean City beaches, shops, restaurants, mini golf, water parks and entertainment. The land is located off Rt 54 Lighthouse Rd and is currently used as a mobile home park (Gray's Lane Park) consisting of Tax ID 134-23.02-75.00-Park (18, 295 sq ft) and Tax ID 134-23.02-76.00-Park (24, 394 sq ft). Purchaser must buy both parcels at the same time. The historic Fenwick Island Lighthouse is directly next to the parcel and the historic lighthouse keeper's house is part of the sale. A possible Air BandB unique experience for that residence awaits. On the opposite side of the road is another mobile ho me park (Fryers Lane Park), consisting of Tax ID 134-23.02-56-Park (29, 621 sq ft) and Tax ID 134-23.02-57.00-Park (30, 492 sq ft). Purchaser must buy both parcels at the same time. Total acreage for the four parcels is 2.34 Acres (acreage on the North side of Rt. 54 is 1.36 Acres and the South Side of Rt. 54 is .98 Acres). Mobile homes belong to the tenants. The buyer must honor this season's existing rentals or settle on Nov. 1st after this coming rental season ends. Property is not in Fenwick Town Limits falls under Sussex County.
Presented by Nancy Reither at
Coldwell Banker Realty.
Property MLS #DESU2059940 from BrightMLS
Lot Size Square Feet: 24394
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directionsSource Listing Status: Active
County: SUSSEX
Current Use: Commercial
Ownership: Fee Simple
Source Property Type: Land
Area: SUSSEX
Source Neighborhood: SUSSEX
Property Subtype: Land
Lot Number: PARK
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,100 + $unknown $1,100 | $44 |
| 2021 | $1,100 + $unknown $1,100 | $42 |
| 2020 | $1,100 + $unknown $1,100 | $41 |
| 2019 | $1,100 + $unknown $1,100 | $41 |
| 2018 | $1,100 + $unknown $1,100 | $41 |
| 2017 | $1,100 + $unknown $1,100 | $41 |
| 2016 | $1,100 + $unknown $1,100 | $36 |
| 2015 | $1,100 + $unknown $1,100 | $38 |
| 2013 | $1,100 + $unknown $1,100 | $37 |
| 2012 | $unknown + $unknown $1,100 | $36 |
| 2011 | $unknown + $unknown $1,100 | $36 |
$2,100,000
BrightMLS
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.