23412 Sussex HwySeaford, DE 19973

  • Commercial real estate
  • 1.11 AC
For Sale
$4,500,000 View listing

Property Details for 23412 Sussex Hwy

Lot size
1.11 AC
Zone code
TN
Property type
Commercial real estate
APN
331-5.00-60.01
APU
3315006001

Description

This exceptional commercial property, located at 23412 Sussex Highway in Seaford, Delaware, presents a lucrative investment opportunity. Situated on a 0.92-acre lot with convenient access from U.S. Route 13, this fully-equipped restaurant boasts a proven track record of success, averaging $2 million in annual revenue. The property features ample onsite parking, catering to both the local community and the significant tourist traffic along this major thoroughfare. The inviting interior offers comfortable indoor seating for patrons. This turnkey operation is ideal for experienced restaurateurs seeking expansion or ambitious newcomers ready to establish themselves in a thriving market. The high volume of business and prime location make this a rare and highly desirable commercial property. The existing infrastructure and established clientele provide a solid foundation for continued growth and profitability. This is a chance to acquire a well-established, high-performing restaurant with significant earning potential. The property is priced at $4,500,000. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,895,779
    Hospitality
    $10,896,470
    Educational
    $9,065,735
    Medical
    $9,377,519
    Retail
    $14,102,254
23412 Sussex Hwy, Seaford, Delaware

Location Insight

City
Seaford
County
Sussex
State
Delaware
Latitude
38.6568
Longitude
-75.5952
CBSA code
41540
CBSA name
SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,198
$7,500
$36,450
$43,950
-
$15,000
$72,900
$87,900

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