$350,000
$369,900
5.4%For more information regarding the value of a property, please contact us for a free consultation.
44,814 SqFt
SOLD DATE : 03/20/2017
Key Details
Sold Price $350,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 44,814 sqft
Price per Sqft $7
Subdivision None Available
MLS Listing ID 1001019896
Sold Date 03/20/17
HOA Y/N N
Originating Board SCAOR
Year Built 2004
Lot Size 1.020 Acres
Acres 1.02
Lot Dimensions 231x194x234x186
Property Description
Buy a beach condo and get an office at the beach OR Buy an office at the beach and get a condo. Live / Work opportunity one-half mile from downtown Rehoboth with superior Coastal Highway access and parking. Own for less than rent with 90% Owner financing available, 5.5% Interest, 20 Year Amortization. 1st Floor has five partitioned office / living areas with Kitchenette / break area. 2nd Floor has five partitioned office / living areas with full bath conducive for Live / Work / Play scenario. Unit 7 is offered for rent at $2200 per month ($26,400 Annually). All walls are double 2x6 with 2" fire retardant between. Buy as an investment and become a positive cash flow landlord, or buy as a user of this spacious, well located space. To keep condo fees at a minimum, each owner is responsible for their proportionate share (by sq ft) of total annual budget. In a typical year, a 600 sq ft unit: $500; an 880 sq ft unit: $750; a 2000 sq ft unit: $1700.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning C1
Interior
Interior Features Attic
Heating Forced Air, Heat Pump(s)
Cooling Central A/C, Heat Pump(s)
Flooring Hardwood, Vinyl
Fireplace N
Exterior
Waterfront N
Water Access N
Roof Type Architectural Shingle
Street Surface Paved
Accessibility 2+ Access Exits, Mobility Improvements, Ramp - Main Level
Road Frontage State
Garage N
Building
Story 2
Foundation Block, Crawl Space
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 334-13.00-313.02-7
Ownership Fee Simple
SqFt Source Estimated
Security Features Smoke Detector
Acceptable Financing Cash, Conventional, Seller Financing
Listing Terms Cash, Conventional, Seller Financing
Financing Cash,Conventional,Seller Financing
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with SKIP FAUST III • Coldwell Banker Resort Realty - Rehoboth
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "