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 |
| 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 |
| Status | ACTIVE |
| Directions | From North Ocean City take Coastal Hwy to Rt 54. Follow Rt 54. The property is right before the crossing with Hudson Rd. 32474 Lighthouse Rd. |
| ModificationTimestamp | 2024-01-01T09:01:02 |
| City | SELBYVILLE |
| Buyer Agent Compensation | 2.5 |
| MLS Area | Baltimore Hundred (31001) |
| Lot Size Square Feet | 439520.00 |
| Tax Assessed Value | 12750.0 |
| Waterfront Y/N | No |
| Street Name | LIGHTHOUSE |
| 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 | 266 |
| Sussex DE Quadrants | Between Rt 1 & 113 |
| Standard Status | Active |
| Legal Subdivision | BALTIMORE HUNDRED SUSSEX COUNTY |
| Tax Lot | 1 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Street Suffix | ROAD |
|---|
Exterior Features
| Water Source | None |
|---|---|
| Land Use Code | 999 |
| Water View Y/N | No |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 10.09 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
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
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