32474 Lighthouse Road Selbyville, DE ^$ 5,900,000

32474 Lighthouse Road

^$ 5,900,000

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32474 Lighthouse Road

Selbyville, DE, 19975

^$ 5,900,000

Studio Baths0.0

Monthly Estimate*

^$ 36,327

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Studio

Lots and Land for sale in Selbyville, DE

for $5,900,000. The lot size is 8.4.

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.

Lots and Land Active

Price

^$ 5,900,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 527

Style

Vacant

Lot Size

8.4

Town/City

Selbyville

County/Region

Sussex

MLS | Web ID

DESU2044978

Features

General

Sewer Other

Possession Settlement

Zoning TN

School District INDIAN RIVER

Property Subtype Land

Tax Year 2023

Current Use Vacant

Ownership Fee Simple

County SUSSEX

Property Type Land

HOA N

Possible Use Commercial

Water Access Y/N N

Status ACTIVE

Directions From North Ocean City take Coastal Hwy to Rt 54. Follow Rt 54. The property is right before the crossing with Hudson Rd. 32474 Lighthouse Rd.

City SELBYVILLE

MLS Area Baltimore Hundred (31001)

Lot Size Units Square Feet

Lot Size Square Feet 365904.00

Tax Annual Amount 527.0

Clean Green Assessed Y/N N

Price Per Sq Ft Total AG 16.12

Acceptable Financing Cash Conventional

Additional Parcels Y/N N

Historic Y/N N

Vacation Rental Y/N N

Sussex DE Quadrants Between Rt 1 & 113

Standard Status Active

Legal Subdivision BALTIMORE HUNDRED SUSSEX COUNTY

Tax Lot 1

Exterior

Water Source None

Water View Y/N N

Lot Dimensions 0.00 x 0.00

Lot Size Acres 8.40

Lot Size Source Estimated

Waterfront Y/N N

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 32474

* Excluded Features

List By

Coldwell Banker Realty

Broker

nreither@cbmove.com

Affordability Calculator

$36,371

Per Month

Monthly Principal & Interest: $36,327
Monthly Property Taxes: $44
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Selbyville, DE

Average List Price ^$384,639

Percent of Sale Price 93%

About Selbyville, DE

2,421 Population

34% Since 2002

^$39,695 Median Income

39.15 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2314467 Elementary School

2314468 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/30/2023	$4,500,000	-8.16%	Price Down
7/25/2023	$4,900,000		Listed Price

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32474 Lighthouse Road, Selbyville, DE, 19975 is a Lots and Land for sale at $5,900,000 with a lot size of 8.4. 32474 Lighthouse Road is a studio with 0.0 baths. The property's zip code is 19975 which is in Selbyville, DE

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

Real estate listings held by brokerage firms other than Weichert, Realtors® are marked with the Broker Reciprocity icon (a little black house) and detailed information about each listing includes the name of the listing broker.

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32474 Lighthouse Road

Lots and Land for sale in Selbyville, DE

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