Selbyville Real Estate


This is the sale of Fenwick Shoals Shopping Plaza. In addition to parcel 753 (1.25 acres) it also includes tax parcel 754 (.63 acres) The total of both parcels that convey is 1.83 acres. The total square foot of improvements for both parcels is 15,940 sq. ft. Parcel 753 is improved w/8,030 s.f. retail bldg (sale does not include Mio Fratello's). Parcel 754 is improved w/Billie's Sub Shop (1,271 s.f.) and Freeman Foundation Bldg (6,375 s.f.). Existing leases to be honored. Currently two vacant spaces available for lease. Current total yearly rent with CAM $131,276. If remaining two units were leased, additional $150,000 +- of yearly rental income would be available.
Price - $2,950,000

Listing Company: Coldwell Banker Residential Brokerage - Ocean City Click Here to request more information from Cooper Realty Assoc.
Equal Housing OpportunityMember of Sussex County Board of Realtors
great photo of this property
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Existing Name:  Listing Status:   Active 
Current Building Use:   Food Service,Office,Restaurant,Retail   Building Type:   Condo,Freestanding,Strip Center  
Sale of:   Bldg Subj to Tenant Lease   Primary Flooring:   Carpet,Vinyl  
Zoning:   B1  
Water:   Water-Public Central  
Utilities on Site:   208/220 Volt Service,Individual Meters  
Security and Fire:   Local Fire Company,Smoke Detectors  
Items Included:    
Exterior Type:   Cedar Siding  
Roofing:   Metal  
Private Sewer On Site:     Sewer:   Sewer-Public Central  
Road Access:   County,State Highway   Road Surface:    
Site Improvements:   Pole Sign,Road Cut   Documents On File:   Aerial Photos,Site Plan,Survey  
Heating System:   Multi Zone   Land Options:   Fee Simple  
Financing:   Cash,Conventional  
Disclosures:   Subj to Rental/Lease Agrm  
Showing Instructions:   Appointment Only  

Based on information from Sussex County Association of REALTORS®, Inc., which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market. (b) Cooper Realty Associates is a real estate licensee in the State of Delaware. (c) SCAOR07038

Copyright 2018 Sussex County Association of REALTORS®, Inc

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