Property Listing No Longer Available for Sale

12431 Beach Highway, Greenwood, DE

Industrial for Sale - $725,000 - 12,980 Sq. Ft. on 3.5 acres


Property Info

CIMLS#960310
Location
  12431 Beach Highway
  Greenwood DE 19950
UpdatedFebruary 8th, 2018
TypeIndustrial
Price$725,000
Building12,980 Sq. Ft.
Land3.5 acres

Property Description

PROPERTY QUALIFIES FOR NEW LENDING PROGRAM, SUSSEX EXCITE LENDING PROGRAM, 10%IN, 25 YEAR TERM, 3.975 FIXED, MUST HAVE AT LEAST 10 EMPLOYEES, CAN INCLUDE EQUIPMENT, ETC. Light Industrial (zoning) property located on busy Route 16, just east of Greenwood, De. Office space of 3.052 square feet, manufacturing space of 8, 328 square feet and warehousing of 1600 square foot. Two restrooms. Ample power, high ceilings, large truck doors, with one ramp. Some updating to building and systems. 25,000 square feet of paved parking per appraisal. Unique zoning for Sussex County with many possibilities, could be split up into smaller units for lease. Rear two acres are zoned AR-1 and are currently tilled by local farmer. Building can be leased for $5,321.25 per month for a minimum of three years, 3% per year increase, triple net. NEW BOILER INSTALLED, January 2018.

Location Description:

Located on Route 16, east of Greenwood.

Highlights:

>> 12,980 SF Light Industrial Facility

>> Situated on 3.5 +/- Acres

>> Current Lease on 2 Acre

>> Many Possibilites

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Financials