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Key Details
Sold Price $1,800,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 23,000 sqft
Price per Sqft $78
MLS Listing ID DESU155058
Sold Date 09/15/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1980
Annual Tax Amount $5,401
Tax Year 2020
Lot Size 1.760 Acres
Acres 1.76
Lot Dimensions 0.00 x 0.00
Property Description
Prime, high visibility exposure, Rt-1 C-1 highway business location with over 200 storage units with a 1200+-s/f office/retail space. This 1.8 acre facility has 112 foot of highway road frontage and is currently the only fully operational public storage facility with direct highway access for sale between Fenwick Island and Wilmington DE. Located 4/10ths mile south from 5-Points, and with a AADT count of approximately 55,000 off Rt-1 northbound access and 22,000 from Savannah Rd. The parcel includes a double stack and lighted billboard; fully leased and managed by Clear Channel, 5 apartments; 2 with two bedrooms, 3 with one bedroom, each with a bath and one of the apartments is double sized unit as the manager's apartment. Well, electric individually metered, county sewer. Plenty of parking, easy direct highway access. Facility consists of; 2 units-18x12, 71 units-18x9, 7 units-23x10, 20 units-23x9, 12 units-8x9, 42 units-4x9, 40 units-4x6, 10 units-6x8, 3 units-8x8, 2 units-8x8 (part of owner apartment,) and 2 units-20x20. Approximate 23,000 cumulative storage square footage does not include apartments. 1031 exchange opportunity. Facility is being sold 'as-is.'
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning C-1 651
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Wall Unit
Heat Source Electric
Exterior
Garage Spaces 15.0
Water Access N
View Street
Roof Type Composite
Street Surface Black Top
Accessibility None
Road Frontage City/County
Total Parking Spaces 15
Garage N
Building
Lot Description Zero Lot Line
Sewer Public Septic
Water Public Hook-up Available, Well
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 334-06.00-14.00
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with BILL LUCKS • KELLER WILLIAMS COMMERCIAL