32474 Lighthouse Road Selbyville, DE 19975
Listing Courtesy of: BRIGHT IDX / Coldwell Banker Realty / Nancy Reither

  32474 Lighthouse Road Selbyville, DE 19975

Active (221 Days)
$7,900,000
10.09
ACRES

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.

MLS #:
DESU2044978
Taxes
$527(2023)
Lot Size
10.09 acres
Type
Land
School District
Indian River
County
Sussex County

Listed By

Nancy Reither, Coldwell Banker Realty
Source
BRIGHT IDX
Last checked Mar 2 2024 at 5:20 AM EST
Bathroom Details
Utility Information
  • Sewer: Other
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jan 01, 2024
Price Changed
$7,900,000
76%
3,400,000
Aug 29, 2023
Price Changed
$4,500,000
-8%
-400,000
Disclaimer: Copyright 2024 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 3/1/24 21:20