Listed By:
Coldwell Banker Realty
Address
32474 Lighthouse Road, Selbyville, DE
Price
$ 7,900,000
Property Attributes
  • MLS#DESU2044978
  • TypeLand
  • CountySUSSEX
  • CitySelbyville
  • AreaBaltimore Hundred
  • Zip19975
  • StyleVacant
  • Taxes$ 527
  • Price$ 7,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size10.09 Acres
Data Source:
Bright MLS
Property Description

Prime commercial location in Selbyville of 10.09 acres. This is a rare commercial development opportunity on the busy intersection of Lighthouse Sound Rd. (Route 54) and Hudson Rd. There are already many existing new homes surrounding this property and more than 3,200 additional homes are coming soon. This is the perfect location for a shopping center, multiple smaller retail businesses, and/or medical or other professional offices to serve these homes and the entire Selbyville, Bayside, Fenwick, Ocean City area. The Seller will finance up to 70% of the purchase price at 1 percent below the current prime lending rate for up to 5 years. If you are interested in only the highly visible corner piece on Hudson Rd. and RT 54 seller will sell a 3-acre parcel on that corner for $3 million. This is an incredible business opportunity. The property is located 8 miles from the beach.

Price History
7/25/2023 Listed $4,900,000
8/30/2023 9% - $4,500,000

General Features

Sewer Other
Possession Settlement
Zoning TN
School District INDIAN RIVER
Property SubType Land
Tax Year 2023
Current Use Vacant
Percent Ownership Fee Simple
County SUSSEX
Property Type Land
HOA / Comm Assn No
Possible Use Commercial
Water Access Y/N No
MLS Area Baltimore Hundred (31001)
Lot Size Square Feet 439520.00
Waterfront Y/N No
Tax Annual Amount 527.0
Clean Green Assessed Y/N No
Price Per Sq Ft 17.97
Acceptable Financing Cash,Conventional
Additional Parcels Y/N No
Historic Y/N No
Vacation Rental Y/N No
Days on Market 184
Sussex DE Quadrants Between Rt 1 & 113
Legal Subdivision BALTIMORE HUNDRED SUSSEX COUNTY
Tax Lot 1
School District 300200396898

Exterior Features

Water Source None
Water View Y/N No
Lot Dimensions 0.00 x 0.00
Lot Size Acres 10.09
Lot Size Source Assessor
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 19975

Price
AVG $1.65M
$7.9M
Taxes
AVG $185
$527
Visits
AVG 492
520
Data Provided by Inside Real Estate®

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