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.
MLS# | DESU2067732 |
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Listing Type | For Sale |
Suite Number | 9 |
Sub-Type | Resale |
Status | Active Under Contract |
Year | 9999 |
Days On Site | 164 |
Listing Provided By | RE/MAX Advantage Realty | Chris Jett |
SQ Feet | 6,200 |
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Zoning | TN |
Acreage | 0.95 |
Property View | Yes |
State | DE |
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County | Sussex |
City | Fenwick Island |
Zip Code | 19944 |
Area | Baltimore Hundred |
School District | Indian River |
Listing VS Median (in 19944) | |
Price: $1,900,000 low | high Med: $1,229,000 SqFt: 6,200 low | high Med: 4,000 $ / SqFt: $306 low | high Med: $307 On Site: 164 low | high Med: 340.000000 |