32474 Lighthouse Rd

Selbyville, DE 19975 View Map $7,900,000 Schedule a Tour
Sq.Ft. Lot439,520

Michael Brown

(302) 258-4368

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Status: Active
Property Type:Land
MLS #:DESU2044978
On Site:331 Days
Lot Size:439,520 Sq. Ft.
County:Sussex
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.

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$000 Monthly Payment
Loan and interest only.

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Price Change History

Date Old Price New Price Percent Change
8/30/2023$4,900,000$4,500,000-8.2%
1/1/2024$4,500,000$7,900,00075.6%

Community Information

Address:32474 Lighthouse Rd, Selbyville, DE 19975
County:Sussex
School System:INDIAN RIVER
Zip Code:19975

Property Features

Lot Size: 10.09 Acres / 439,520 Sq. Ft.
Lot Dimensions:0.00 x 0.00
Zoning:TN
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.

Tax and Financial Info

Total Taxes: $527 (paid Annually)
School Tax: $470
Ownership: Fee Simple

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32474 Lighthouse Rd Selbyville,  DE 19975
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32474 Lighthouse Rd Selbyville, DE 19975
 
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Listing Information Last Updated 6/18/2024
Listing provided courtesy of Coldwell Banker Realty.