32474 Lighthouse Rd

Selbyville, DE 19975

$7,900,000.00

price

/

baths

10.09 acres

lot size

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.

General Details

StatusActive
List Price$7,900,000.00
Address32474 Lighthouse Rd
Selbyville DE 19975
MLS NumberDESU2044978
Baths/
Lot Size (Acres)10.09
Lot Size (Sq. Ft.)439520.00
GarageNo
Tax ID533-17.00-182.00
Ownership InterestFee Simple
AgentNancy Reither
BrokerageColdwell Banker Realty

Location

Latitude38.46379095
Longitude-75.17797548
In City LimitsNo
MLS AreaBaltimore Hundred (31001)
Legal SubdivisionBALTIMORE HUNDRED SUSSEX COUNTY
School DistrictINDIAN RIVER

Water Access

WaterfrontNo

Associaton/HOA

HOANo

Utilites Information

Water SourceNone
Sewer/SepticOther
Central AirNo

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Offered by

Coldwell Banker Realty

Courtesy of: Coldwell Banker Realty

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Date last updated: 04/18/2024 05:02:12 PM