For Sale
$270,000

64 Church StSelbyville, DE 19975

High-Yield Delaware Farm/Commercial Land

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • 1,492 SF commercial land in prime Selbyville, DE, available for $270,000.
  • Currently 100% occupied, generating $21,600 annual NOI and an 8% cap rate.
  • Flexible layout suitable for retail or office; features ample natural light and convenient parking.
  • New HVAC system (installed November 2023); gross lease with single tenant expiring August 31, 2026.
  • $180.97/SF asking price; strong ROI and potential for owner-occupancy.

Property Details for 64 Church St

Property type
Land, Farms
Square Feet
1,492 SF

Location Insight

City
Selbyville
County
Sussex
State
Delaware
Latitude
38.457663941639
Longitude
-75.22690305608
64 Church St, Selbyville, Delaware

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64 Church St
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