$2,100,000
 $11,273 est/mo Sourced by Back At You

39032 Grays Ln #park , Fenwick Island, DE 19944

Fenwick Island, DE 19944

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Description

This is a prime location in sought-after Fenwick Island! This is an extremely rare opportunity 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 spacious 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 B&B unique experience for that historic residence awaits! On the opposite side of the road is another mobile home 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. PURCHASER MUST ALSO PURCHASE 39039 GRAYS LANE #PARK AT THE SAME TIME AND SETTLE ON BOTH PROPERTIES. TAX ID 134-23.02-76.00-PARK (Public Sewer and Artesian Water) Property is not in Fenwick Town Limits falls under Sussex County.

Details

MLS#DESU2059926
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site105
Listing Provided ByColdwell Banker Realty | Nancy Reither

Features

ZoningC-1
Acreage0.42

Market Activity 19944

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Learn More About This Property

StateDE
CountySussex
CityFenwick Island
Zip Code19944
AreaBaltimore Hundred
School DistrictIndian River
Listing VS Median (in 19944)
Price:
$2,100,000
low | high
Med:
$1,420,000
82.380952380952% of Average
On Site:
105
low | high
Med:
81.500000
100% of Average
Sourced by Back At You
Listing Updated: July 24, 2024 at 10:02:57 AM PDT