39039 W Grays Lane #PARK

FENWICK ISLAND, DE 19944

  • 24,394 Sqft
  • 24394
    Sqft(Lot)
$2,100,000

Description

This is a prime location in sought-after fenwick island! this is an extremely rare opportunity to purchase c-1 commercial land in fenwick island de close to the beach and atlantic ocean. a salty breeze carries the scent of the atlantic ocean as you stand on these 4 commercially zoned c-1 parcels in fenwick island. just a few blocks east the waves crash against the shore, a constant reminder of the area's beachside charm. the possibilities are endless. one potential would be a vibrant multifamily community development that caters to a variety of residents seeking a comfortable and convenient beach lifestyle. the development could offer a range of unit sizes, from cozy cottages to spacious multi-bedroom townhomes. the potential for shared amenities adds another layer to the multifamily living experience. perhaps even a swimming pool or fitness center could be incorporated, creating a space for relaxation and healthy living. other possibilities include a shopping center, multiple smaller retail businesses, and/or medical or other professional offices or leave as mobile home parks. this land is close to the fenwick and ocean city beaches, shops, restaurants, mini golf, water parks, and entertainment. the land is located off rt 54 lighthouse rd and is currently used as a mobile home park (gray's lane park) consisting of tax id 134-23.02-75.00-park (18,295 sq ft) and tax id 134-23.02-76.00-park (24,394 sq ft). purchaser must buy both parcels at the same time. the historic fenwick island lighthouse is directly next to the parcel and the historic lighthouse keeper's house is part of the sale. a possible air b&b unique experience for that residence awaits! on the opposite side of the road is another mobile home park (fryers lane park), consisting of tax id 134-23.02-56-park (29,621 sq ft) and tax id 134-23.02-57.00-park (30,492 sq ft). purchaser must buy both parcels at the same time. total acreage for the four parcels is 2.34 acres (acreage on the north side of rt. 54 is 1.36 acres and the south side of rt. 54 is .98 acres). mobile homes belong to the tenants. the buyer must honor this season's existing rentals or settle on nov. 1st after this coming rental season ends. property is not in fenwick town limits falls under sussex county.

  • Property Type

    Land

  • Subdivision

    Timber Walk

  • County

    SUSSEX

  • Style

    Land

  • AD ID

    45467450

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Property Details

  • Water/Sewer

    • Water Source : Private

  • Utility Features

    • Sewer: Public Sewer

  • Lot Information

    • Lot Size: 24,394
    • Dimensions: 0.00 x 0.00
    • Lot Size (Acres): 0.56
    • Main Square Feet: 24,394

    Property Information

    • Total Lot SQ ft: 24,394
    • Financing: Cash,Bank Portfolio
    • Appx. Lot Dimensions: 0.00 x 0.00
    • Total Acreage: 0.56

  • Listing Information

    • Possession: Settlement
    • Days Of Market: 175

    Lease Information

    • Lease Considered: No

  • Tax Information

    • Annual Tax: $801
    • Tax Year: 2023
    • Total Taxes Payment Frequency: Annually

    Possession

    • Settlement

    Assessment Information

    • Taxes Assessment Amount: $19,400

  • Multi-Unit Information

    • Acceptable Financing: Cash,Bank Portfolio
    • Unit: PARK

    Homeowners Association Information

    • Direction: Take Coastal Hwy North to Rt 54/Lighthouse Rd. Turn left onto Grays Ln. Lot is the entire left side.

  • School Information

    • School District: INDIAN RIVER

    Utility Information

    • Water Source: Private
    • Sewer: Public Sewer

    Location Information

    • Direction: Take Coastal Hwy North to Rt 54/Lighthouse Rd. Turn left onto Grays Ln. Lot is the entire left side.
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BuyOwner last updated this listing 12/18/2024 @ 19:45

  • MLS: DESU2059940
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Land, with 0 bedrooms which is for sale, it has 24,394 sqft, 24,394 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of FENWICK ISLAND , in zip code 19944, this SUSSEX County Land , it is in the TIMBER WALK Subdivision, are nearby neighborhoods.