$1,900,000
( $306.45Per Sq Foot )
 $10,200 est/mo Sourced by Back At You

1209 Coastal Hwy #9 , Fenwick Island, DE 19944

Fenwick Island, DE 19944

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Description

Excellent opportunity for anyone looking to invest in a prime commercial or mixed-use property in Fenwick Island. With its ocean block location and direct frontage on Coastal Highway, the property offers high visibility and accessibility, making it ideal for a variety of commercial uses. The 2019 remodel has significantly enhanced the building's appeal, with coastal design-inspired finishes and architectural details that are sure to attract tenants or customers. The two levels of office space provide flexibility, whether for a single business or multiple tenants. The ample parking, with 20 private spaces, is a significant asset, particularly in a busy coastal area. For an owner/operator, the possibility of occupying the first floor while renting out other spaces adds an attractive income-generating aspect to the investment. The fact that the property is part of a condominium but does not share in condo fees is another financial advantage. Given the location, design, and features, this property seems well-suited for businesses seeking a prominent presence in Fenwick Island or for investors looking for a property with both immediate use and long-term redevelopment potential.

Details

MLS#DESU2067732
Listing TypeFor Sale
Suite Number9
Sub-TypeResale
StatusActive Under Contract
Year9999
Days On Site164
Listing Provided ByRE/MAX Advantage Realty | Chris Jett

Features

SQ Feet6,200
ZoningTN
Acreage0.95
Property ViewYes

Market Activity 19944

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Listings Checked: 3 minutes ago
StateDE
CountySussex
CityFenwick Island
Zip Code19944
AreaBaltimore Hundred
School DistrictIndian River
Listing VS Median (in 19944)
Price:
$1,900,000
low | high
Med:
$1,229,000
85.315789473684% of Average
SqFt:
6,200
low | high
Med:
4,000
85.483870967742% of Average
$ / SqFt:
$306
low | high
Med:
$307
49.739473684211% of Average
On Site:
164
low | high
Med:
340.000000
48.235294117647% of Average
Sourced by Back At You
Listing Updated: January 13, 2025 at 9:22:30 PM PST