64 Church St Selbyville, DE 19975

Prime Selbyville, DE commercial land, totaling 1,492 square feet, is available for $270,000. Currently leased at 100% occupancy with a net lease generating $21,600 in annual NOI and an 8.00% cap rate. The property boasts a flexible layout suitable for various commercial uses, including retail or office space. Large windows provide ample natural light, and convenient on-street parking is supplemented by a nearby public lot. A new HVAC system (installed November 2023) adds significant value. The current lease is a gross lease with a single tenant, lasting until August 31, 2026 (approximately 1.8 years remaining). This presents an immediate income-producing opportunity for the new owner, with the potential for owner-occupancy after the current lease expires. The property's location in Selbyville, Delaware, offers excellent visibility and accessibility. The asking price of $180.97 per square foot reflects a strong return on investment. This is a rare opportunity to acquire a well-maintained, income-generating property in a desirable location. Don't miss out on this chance to secure a profitable commercial investment.