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Listed by Nancy Reither • Coldwell Banker Realty

$2,100,000

Est. payment - /mo

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0.68 Acres Lot

Under Contract

39972 FRYERS LN #PARK Fenwick Island, DE 19944

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Michael LaRosa

agentmikelarosa@gmail.com +1(973) 362-8551

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Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID DESU2059922

HOA Y/N N

Annual Tax Amount $841

Tax Year 2023

Lot Size 0.680 Acres

Acres 0.68

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 historic 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. 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 134-23.20-56.00-PARK

Ownership Fee Simple

Acceptable Financing Cash, Bank Portfolio

Listing Terms Cash, Bank Portfolio

Financing Cash,Bank Portfolio

Special Listing Condition Standard

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Michael LaRosa

Realtor Associate

+1(973) 362-8551

39972 FRYERS LN #PARK Fenwick Island, DE 19944

Michael LaRosa

Key Details

Location

Exterior

Building

Schools

Others

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39972 FRYERS LN #PARK