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Listed by Nancy Reither • Coldwell Banker Realty
$2,100,000
Est. payment /mo
0.7 Acres Lot
Under Contract
40019 EVERET LN #PARK Fenwick Island, DE 19944
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Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID DESU2059932
HOA Y/N N
Annual Tax Amount $801
Tax Year 2022
Lot Size 0.700 Acres
Acres 0.7
Lot Dimensions 0.00 x 0.00
Property Sub-Type Land
Source BRIGHT
Property Description
This is a prime location in sought-after Fenwick Island! This is an extremely rare opportunity to purchase C-1 commercial land in Fenwick Island DE close to the beach and Atlantic Ocean. A salty breeze carries the scent of the Atlantic Ocean as you stand on these 4 commercially zoned C-1 parcels in Fenwick Island. Just a few blocks east the waves crash against the shore, a constant reminder of the area's beachside charm. The possibilities are endless. One potential would be a vibrant multifamily community development that caters to a variety of residents seeking a comfortable and convenient beach lifestyle. The development could offer a range of unit sizes, from cozy cottages to spacious multi-bedroom townhomes. The potential for shared amenities adds another layer to the multifamily living experience. Perhaps even a swimming pool or fitness center could be incorporated, creating a space for relaxation and healthy living. Other possibilities include a shopping center, multiple smaller retail businesses, and/or medical or other professional offices or leave as mobile home parks. This land is close to the Fenwick and Ocean City beaches, shops, restaurants, mini golf, water parks, and entertainment. The land is located off Rt 54 Lighthouse Rd and is currently used as a mobile home park (Gray's Lane Park) consisting of Tax ID 134-23.02-75.00-Park (18,295 sq ft) and Tax ID 134-23.02-76.00-Park (24,394 sq ft). Purchaser must buy both parcels at the same time. The historic Fenwick Island Lighthouse is directly next to the parcel and the historic lighthouse keeper's house is part of the sale. A possible Air B&B unique experience for that residence awaits! On the opposite side of the road is another mobile home park (Fryers Lane Park), consisting of Tax ID 134-23.02-56-Park (29,621 sq ft) and Tax ID 134-23.02-57.00-Park (30,492 sq ft). Purchaser must buy both parcels at the same time. Total acreage for the four parcels is 2.34 Acres (acreage on the North side of Rt. 54 is 1.36 Acres and the South Side of Rt. 54 is .98 Acres). Mobile homes belong to the tenants. The buyer must honor this season's existing rentals or settle on Nov. 1st after this coming rental season ends. PURCHASER MUST ALSO PURCHASE 39972 FRYERS LANE #PARK AND SETTLE BOTH PROPERTIES AT THE SAME TIME. TAX ID 134-23.20-56.00-PARK. Property is not in Fenwick Town Limits falls under Sussex County.
Location
State DE
County Sussex
Area Baltimore Hundred (31001)
Zoning C-1
Exterior
Water Access N
Garage N
Building
Sewer Public Septic
Water Private
Schools
School District Indian River
Others
Tax ID 134-23.02-57.00-PARK
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Bank Portfolio
Listing Terms Cash, Bank Portfolio
Financing Cash,Bank Portfolio
Special Listing Condition Standard
Hope Greenlee Agent | License ID: 658745
Hope Greenlee
I am a seasoned Realtor with an impressive 16 years of experience in the real estate industry. Hailing from Baltimore County, I am a proud graduate of Parkville High School, and she furthered her education by pursuing a business degree at a prestigious school in Pittsburgh, Pennsylvania.
With a background as a Multi-Site Property Manager spanning over two decades across Maryland, I have honed my skills and expertise in various facets of real estate. However, my most cherished accomplishment is being a devoted mother to five children.
I am not just a Realtor; I am passionate and market-savvy professional who prioritizes my clients' satisfaction and best interests above all else. My commitment to understanding and meeting my clients' unique needs, combined with my extensive market knowledge, construction expertise, and exceptional negotiation skills, truly sets me apart in the industry.
Whether you're in the market to buy or sell, I promise to provide you with the special attention you deserve from a dedicated real estate professional. My approach is characterized by professionalism, patience, and unwavering loyalty to my clients, ensuring a seamless and satisfying real estate experience.
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