32580 River Road Millsboro, DE $ 459,000
32580 River Road
$ 459,000
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32580 River Road

Millsboro, DE, 19966
$ 459,000
Baths0.0

Monthly Estimate*

$ 3,051

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Studio

Commercial Property for sale in Millsboro, DE

for $459,000. This building was built in 1910.

RARE WATERFRONT OPPORTUNITY WITH SPECTACULAR VIEWS of the INDIAN RIVER BAY!!! Established Family Owned Restaurant in Historic Oak Orchard. Owner is Retiring after 20+ years. Do Not Miss this Unique Opportunity. Featuring a Clean, Well-Maintained Facility, this is a True Turnkey Business. New Kitchen Equipment in 2021. 3000+ sq. ft. 142 Interior Seating Permitted and 32+/-Seating Outdoors. Full Liquor License for Indoor and Outdoor Seating. Two Parking Lots. Restaurant is Located in a High Growth Area, Multiple Communities are in the Process of Being Planned and Developed. Broad Possibilities, Great for a Starter Business or for an Established Brand to add a Waterfront Location to Their Portfolio. Sale Includes Equipment and Fixtures. Decor Items not Included but, may be Available for Purchase Separately. Building Lease will Transfer with Sale. Liquor License will Transfer. Listing Agent must Accompany Showings .A Confidentiality and Non-Disclosure Agreement will be Provide Upon Negotiating. Second floor is a full apartment which can be rented. Currently used for office and supplies.

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Commercial Active

Price

$ 459,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Restaurant/Bar

Year Built

1910

Town/City

Millsboro

County/Region

Sussex

MLS | Web ID

DESU2058158

Features
Interior
Heating Fuel Electric Propane - Leased
Hot Water Propane
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Zoning AR-1
Construction Materials Concrete
Exclusions Personal and Decor Items Not Included/Available for Purchase Separately.
Year Built 1910
Electric 200+ Amp Service
View Bay Marina River
Property SubType Other
Current Use Restaurant
Cool Fuel Electric
Business Type Restaurant/Bar
Accessibility 36 + wide Halls Level Entry - Main
Business Name Serendipity Restaurant
County SUSSEX
New Construction N
Property Type Business Opportunity
Water Access Y/N N
Status ACTIVE
Directions From Coastal Highway turn onto John J Williams Highway (Route # 24) approximately 9.2 miles to Oak Orchard Road Turn right onto River Road follow to the end at stops sign turn right restaurant is
City MILLSBORO
Buyer Agent Compensation 2.5
MLS Area Indian River Hundred (31008)
Waterfront Y/N N
Acceptable Financing Cash Conventional
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Days on Market 94
Sussex DE Quadrants Between Rt 1 & 113
Standard Status Active
Year Built Source Estimated
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Parking Features Handicap Parking Public
Water Source Public
Inclusions See Attached Equipment List
Type of Parking Off Site Parking Lot Driveway
Water View Y/N Y
Building Area Total 0.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 32580
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* Excluded Features
List By
Mann & Sons, Inc.

Broker

hanniganjoanie@gmail.com

Email

Affordability Calculator

$3,051
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,051
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/19/2024$459,000 Listed Price

Map


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32580 River Road, Millsboro, DE, 19966 is a Commercial Property for sale at $459,000. 32580 River Road is a studio with 0.0 baths and was built in 1910. The property's zip code is 19966 which is in Millsboro, DE