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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.
| DAYS ON MARKET | 525 | LAST UPDATED | 1/1/2024 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Baltimore Hundred (31001) |
| COUNTY | SUSSEX | STATUS | Active |
| PROPERTY TYPE(S) | Lot/Land/Acreage |
| School District | INDIAN RIVER |
|---|
| PRICE HISTORY | |
| Prior to Aug 29, '23 | $4,900,000 |
|---|---|
| Aug 29, '23 - Jan 1, '24 | $4,500,000 |
| Jan 1, '24 - Today | $7,900,000 |
| ADDITIONAL DETAILS | |
| AREA | Baltimore Hundred (31001) |
|---|---|
| LOT | 10.09 acre(s) |
| LOT DIMENSIONS | 0.00 x 0.00 |
| TAXES | 527 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Coldwell Banker Realty
Based on information from Sussex County Association of REALTORS®, Inc., which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market.
Copyright 2024 Sussex County Association of REALTORS®, Inc.
This IDX solution is (c) Diverse Solutions 2024.
