38016 Fenwick Shoals, Selbyville, DE
Others for Sale - $2,950,000 - 1.83 acres
Agent Info
| Kevin McNamara Ocean City-64th |
Property Info
| CIMLS# | 984187 |
| Location 38016 Fenwick Shoals Selbyville DE 19975 | |
| Updated | March 21st, 2018 |
| Type | Others |
| Price | $2,950,000 |
| Land | 1.83 acres |
Contact
Property Description
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.
