Active

32474 Lighthouse Rd

Selbyville DE, 19975

$7,900,000


$17.97 per sqft

Active

10.09 Acres

Land

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.

DESU2044978

MLS ID

February 15, 2024

Updated

Map

32474 Lighthouse Rd
Selbyville DE, 19975

Exterior/Building Features

Lot Size

10.09 Acres

School Information

School District

INDIAN RIVER

Other Property Details

Taxes

$527


Tax Frequency

Annually


Days on Market

160


Garage

No


View

No


County

SUSSEX


Pool

No


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

1/1/2024

Price Change

$7,900,000

75%

Listed by Nancy Reither, with Coldwell Banker Realty
Listing Contact: 4106035050 

The IDX display contains information sourced from the Bright MLS, Inc. as of 2/15/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/15/2024 at 10:24 PM UTC

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