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Selbyville,DE 19975
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $83
MLS Listing ID DESU2074878
Originating Board BRIGHT
Annual Tax Amount $2,683
Tax Year 2024
Lot Size 1.250 Acres
Acres 1.25
Lot Dimensions 0.00 x 0.00
Property Description
42 mini storage units, 4200 sq.ft. warehouse under lease and 6400 sq.ft. retail or flex space currently available for lease. City water and sewer but located just outside of town. Mini-storage is gated and secure. 2 existing curbs cuts onto Rt. 113/Dupont Highway. Great exposure, visibility and access. Current income is $53,591. Potential income is $148,357 (11% CAP Rate).
Owner does not market the mini-storage and current vacancy is about 40%. The 6600 sq.ft. flex/retail building could be converted to climate controlled mini-storage. Estimated rental rate as is would be $10.50 +/- per sq.ft. If renovated/updated, this rate would be more in the $12 -$14 range depending on the level of finish.
Location
State DE
County Sussex
Area Baltimore Hundred (31001)
Zoning C-1
Interior
Hot Water Electric
Cooling Other
Flooring Concrete,Wood
Heat Source Oil
Exterior
Garage Spaces 30.0
Water Access N
Roof Type Metal
Street Surface US Highway/Interstate
Accessibility None
Road Frontage State,City/County
Total Parking Spaces 30
Garage N
Building
Lot Description Cleared,Level,Road Frontage
Foundation Crawl Space,Slab
Sewer Public Sewer,Grinder Pump
Water Public
New Construction N
Schools
School District Indian River
Others
Tax ID 533-09.00-27.00
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard