For Sale Commercial Real Estate Listings in Fenwick, Delaware
FOR SALE * $2,650,000 * Retail * Fenwick, Delaware * Full Listing
The subject offering is located on the northeast corner of Route 54 (Lighthouse Road) and West Fenwick Boulevard, near the intersection of Routes 54 and 29. Though the population density of this area is clearly that of a second market, investors should not take this statistic at face value since most of this area’s population is part-time residents. The greater Maryland and Delaware Coastal Communities are experiencing tremendous growth from vacationers and as a retirement area. The housing development has been fueled by the influx of retirees and second home buyers fleeing the Philadelphia and Washington, D.C. Metro Areas, which are both about 3 hours away. Both Ocean City, Maryland and Rehoboth Beach, Delaware are a 15 minute drive to the north and south of this site has have been “built-out”. Since no land remains on the immediate coastal areas, newer housing developments have been pushed inland.
In the immediate trade radius of the subject site, there are over 7,000 new...
[ Loan Quote for this Property ] [ Find a Broker ] [ Advanced Search ]
| For Lease Commercial Real Estate ListingsThere are currently no for lease listings in this city. |
