20354 Sussex HwyBridgeville, DE 19933

Property Details for 20354 Sussex Hwy

Lot size

5.77 AC

Zone code

HI-1

Property type

Commercial real estate

APN

131-19.00-5.00

APU

1311900500

Description

This exceptional 30,000-square-foot industrial property, located at 20354 Sussex Highway in Bridgeville, Delaware, presents a significant opportunity for businesses seeking flexible and spacious warehouse or flex space. The entire building is currently vacant and available for immediate occupancy, offering a single-tenant environment ideal for a variety of uses. Situated in Sussex County, this property boasts a prime location with convenient access to major transportation routes, making logistics and distribution seamless. The building's 30,000 square feet provide ample room for operations, storage, and office space, catering to businesses requiring significant space. The "flex" designation allows for adaptable configurations to suit specific operational needs, blending warehouse and office functionality. This single-tenant occupancy ensures exclusive use and control over the entire facility. The property's address is 20354 Sussex Hwy, Bridgeville, DE 19933. This is a rare opportunity to secure a substantial, fully vacant industrial space in a desirable Delaware location. The property is classified as industrial, with a subtype of both flex and warehouse space. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $61,420,900

  6.5%

  $56,696,200

  7%

  $52,646,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,811,900

  Geo Method

  $15,811,900

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $105,540,000

  Retail / Commercial

  $55,310,900

  Mixed-Use / Specialty

  $56,052,000

  Hospitality / Lodging

  $42,345,100

  Office

  $56,696,200

  Institutional / Educational

  $58,606,800

  Residential Income

  $68,570,000

  Multifamily

  $77,037,700

  Automotive / Energy

  $50,234,400

  Parking / Income-Based Land

  $16,408,300

  Restaurant / Food Service

  $31,155,400

  Healthcare / Senior Housing

  $56,518,100

Location Insight

City

Bridgeville

County

Sussex

State

Delaware

Latitude

38.7045

Longitude

-75.5899

CBSA code

41540

CBSA name

SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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