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 historic 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.
MOTIVATED SELLER ! Bring offer! Location! Location! This Fenwick Island property is located with direct frontage on Rt 54 just one block from Coastal Hwy, and is zoned residental and commercial C1. Great visibility, with signage allowed for business use. Convenient to the beach , bay, restaurants, stores, and Maryland line. The property is almost 4000 sq. ft. 4/5 bedrooms, 4 bathroom, enormous kitchen, office area, expansive sunroom, lower level patio and outdoor shower. The upstairs can be used as completely separate apartment with large deck and spiral stairs. This property offers so many opportunities ... Air B&B, office , business, multi-use , multi-family, rental, doctors, real estate office, etc. Endless possibilities with this great beach location!
Very Rare business opportunity in Fenwick! Here is a Popular Mexican Restaurant & Bar now available for lease. It has a Great location: in a high-traffic area right on Coastal Hwy., oceanside in Fenwick Island, Delaware near the Ocean City, MD border. Visited by locals and vacationers alike, this end unit business is in a small shopping plaza and has an outdoor patio and cool, funky trolley. That trolley and all the equipment, furniture and décor are included in the sale of the business! The ideal layout has a separate bar area with high top tables & one large table and then the dining room has both high-top & regular tables & chairs plus some bench seating. Winner of the Best Margarita - their Tres-arita 10 years in a row! Remember, Life is Not a Dress Rehearsal!
The median home value in Fenwick Island, DE is $1,325,000. This is higher than the county median home value of $442,700. The national median home value is $338,100. The average price of homes sold in Fenwick Island, DE is $1,325,000. Approximately 25.55% of Fenwick Island homes are owned, compared to 0.52% rented, while 73.93% are vacant. Fenwick Island real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Fenwick Island real estate agent to arrange a tour today!
Fenwick Island, Delaware has a population of 408. Fenwick Island is less family-centric than the surrounding county with 9.49% of the households containing married families with children. The county average for households married with children is 20.2%.
The median household income in Fenwick Island, Delaware is $108,750. The median household income for the surrounding county is $68,886 compared to the national median of $69,021. The median age of people living in Fenwick Island is 70.6 years.
The average high temperature in July is 86 degrees, with an average low temperature in January of 28.3 degrees. The average rainfall is approximately 44.9 inches per year, with 11.4 inches of snow per year.