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
UpdatedMarch 21st, 2018
TypeOthers
Price$2,950,000
Land1.83 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.