32474 Lighthouse Road

$7,900,000

Property 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.
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Property Information

Status

Active

Address

32474 Lighthouse Road

City

Selbyville

Price

$7,900,000

Square Footage Range

0

Beds

0

Baths

0

Acreage

10.09

County

Sussex

School District

-

MLS Number

1135576

profile-picture

Nancy Reither