1209 Coastal Hwy Unit #9, Fenwick Island, DE 19944

$1,900,000
List Price
$1,900,000
Status
ACTIVE UNDER CONTRACT
MLS#
DESU2067732
Lot Size (Acres)
0.9500000000000001
Year Built
9999
County
Sussex
School District
Indian River

Property Description

Excellent opportunity for anyone looking to invest in a prime commercial or mixed-use property in Fenwick Island. With its ocean block location and direct frontage on Coastal Highway, the property offers high visibility and accessibility, making it ideal for a variety of commercial uses. The 2019 remodel has significantly enhanced the building's appeal, with coastal design-inspired finishes and architectural details that are sure to attract tenants or customers. The two levels of office space provide flexibility, whether for a single business or multiple tenants. The ample parking, with 20 private spaces, is a significant asset, particularly in a busy coastal area. For an owner/operator, the possibility of occupying the first floor while renting out other spaces adds an attractive income-generating aspect to the investment. The fact that the property is part of a condominium but does not share in condo fees is another financial advantage. Given the location, design, and features, this property seems well-suited for businesses seeking a prominent presence in Fenwick Island or for investors looking for a property with both immediate use and long-term redevelopment potential.

Additional Information

Area
Baltimore Hundred (31001)
Taxes
$4956
School District
Indian River
Flooring
Luxury Vinyl Plank, Partially Carpeted
View
Canal, Panoramic, Street
Heating
Heat Pump(s)
Heating Fuel
Electric
Cooling
Heat Pump(s)
Roof
Architectural Shingle, Pitched
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of RE/MAX Advantage Realty. Contact: (410) 723-3600