$8,500,000 $45,630 est/mo Sourced by Back At You

37558 Lighthouse Rd,Fenwick Island, DE 19944

Fenwick Island DE, 19944

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Description

Introducing the Crown Jewel of Vintage Hospitality: The Atlantic Coast Inn Your Gateway to Profitable Luxury! Potential for Growth and Redevelopment of a Vintage Motel!!! The possibilities for redevelopment are endless, and the motel is not within the town limits of Fenwick Island, which makes obtaining permits and parking variances easier. Nestled within a stone's throw of the pristine shoreline, The Atlantic Coast Inn boasts an unparalleled location that beckons beach lovers and adventure seekers alike. With the salty breeze in the air, your guests will revel in the convenience of stepping onto the sun-kissed sands or strolling to the waves at their leisure, with a location rating of 9.4! Imagine your guests immersing themselves in the vibrant energy of the nearby eclectic shops and gourmet restaurants. From charming boutiques to trendy eateries, the motel's prime location ensures an unforgettable experience for every visitor. Capture the essence of coastal living and create lasting memories for your guests as theyexplore the local treasures, all within walking distance! Business Potential!!! The Atlantic Coast Inn is not just a property; it's a savvy investment waiting to unfold. The proximity to the beach, coupled with thethriving local scene, ensures a steady influx of guests year-round. Whether you envision a charming boutique experience or a luxury seaside retreat, the potential for revenue growth is limitless. Contact us now to schedule a private tour and unlock the door to your next lucrative venture. The Atlantic Coast Inn parcel awaits, ready to become the crown jewel of your real estate portfolio.

Details

MLS#DESU2059662
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1989
Days On Site9
Listing Provided ByBeach Bound Realty, LLC | Robert B. Arlett

Features

ZoningC-1
Acreage1.46

Market Activity 19944

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Listings Checked: 12 seconds ago
StateDE
CountySussex
CityFenwick Island
Zip Code19944
AreaBaltimore Hundred
School DistrictIndian River
Listing VS Median (in 19944)
Price:
$8,500,000
low | high
Med:
$1,550,000
100% of Average
On Site:
9
low | high
Med:
56.000000
16.071428571429% of Average
Sourced by Back At You
Listing Updated: May 13, 2024 at 2:11:59 PM PDT