38016 Fenwick Shoals, Selbyville $2,950,000

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MLS#: 723335
Price: $2,950,000
Community: Fenwick Shoals
Town: Selbyville

This is the sale of Fenwick Shoals Shopping Plaza. In addition to parcel 753 (1.25 acres) it also includes tax parcel 754 (.63 acres) The total of both parcels that convey is 1.83 acres. The total square foot of improvements for both parcels is 15,940 sq. ft. Parcel 753 is improved w/8,030 s.f. retail bldg (sale does not include Mio Fratello's). Parcel 754 is improved w/Billie's Sub Shop (1,271 s.f.) and Freeman Foundation Bldg (6,375 s.f.). Existing leases to be honored. Currently two vacant spaces available for lease. Current total yearly rent with CAM $131,276. If remaining two units were leased, additional $150,000 +- of yearly rental income would be available.

Interior Features

Flooring: Carpet,vinyl
Basement: None
Heating: Multi Zone
Cooling: Zoned A/c

Additional Details

Lot Size/Acres: 1.83
Lot Dimensions: 0
Year Built: 2006
Section: Between Rt. 1 & 113
School District: Indian River

Exterior Features

Exterior Type: Cedar Siding
Roofing Type: Metal