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Under contract
  • $2,100,000

    40019 Everet Ln, Fenwick Island, DE 19944

    --beds
    --baths
    0.7Acres
    Unimproved Land
    Built in ----
    0.7 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    This is a prime location in sought-after Fenwick Island! This is an extremely rare opportunity to purchase C-1 commercial land in Fenwick Island DE close to the beach and Atlantic Ocean. A salty breeze carries the scent of the Atlantic Ocean as you stand on these 4 commercially zoned C-1 parcels in Fenwick Island. Just a few blocks east the waves crash against the shore, a constant reminder of the area's beachside charm. The possibilities are endless. One potential would be a vibrant multifamily community development that caters to a variety of residents seeking a comfortable and convenient beach lifestyle. The development could offer a range of unit sizes, from cozy cottages to spacious multi-bedroom townhomes. The potential for shared amenities adds another layer to the multifamily living experience. Perhaps even a swimming pool or fitness center could be incorporated, creating a space for relaxation and healthy living. Other possibilities include a shopping center, multiple smaller retail businesses, and/or medical or other professional offices or leave as mobile home parks. This land is close to the Fenwick and Ocean City beaches, shops, restaurants, mini golf, water parks, and entertainment. The land is located off Rt 54 Lighthouse Rd and is currently used as a mobile home park (Gray's Lane Park) consisting of Tax ID 134-23.02-75.00-Park (18,295 sq ft) and Tax ID 134-23.02-76.00-Park (24,394 sq ft). Purchaser must buy both parcels at the same time. The historic Fenwick Island Lighthouse is directly next to the parcel and the historic lighthouse keeper's house is part of the sale. A possible Air B&B unique experience for that residence awaits! On the opposite side of the road is another mobile home park (Fryers Lane Park), consisting of Tax ID 134-23.02-56-Park (29,621 sq ft) and Tax ID 134-23.02-57.00-Park (30,492 sq ft). Purchaser must buy both parcels at the same time. Total acreage for the four parcels is 2.34 Acres (acreage on the North side of Rt. 54 is 1.36 Acres and the South Side of Rt. 54 is .98 Acres). Mobile homes belong to the tenants. The buyer must honor this season's existing rentals or settle on Nov. 1st after this coming rental season ends. PURCHASER MUST ALSO PURCHASE 39972 FRYERS LANE #PARK AND SETTLE BOTH PROPERTIES AT THE SAME TIME. TAX ID 134-23.20-56.00-PARK. Property is not in Fenwick Town Limits falls under Sussex County.
    853 days
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    Zillow last checked:

    Listing updated:

    Listed by:

    Nancy Reither 410-603-5050,

    Coldwell Banker Realty 4438562211

    Source: Bright MLS,MLS#: DESU2059932MLS Logo

      Facts & features

      Property

      Lot
      • Size: 0.7 Acres
      Details
      • Has additional parcels: Yes
      • Parcel number: 13423.0257.00PARK
      • Zoning: C-1
      • Special conditions: Standard

      Utilities & green energy

      • Sewer: Public Septic
      • Water: Private

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Fenwick Island

      Financial & listing details

      • Tax assessed value: $19,700
      • Annual tax amount: $801
      • Date on market: 4/12/2024
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Bank Portfolio
      • Ownership: Fee Simple

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,142/mo

        Price history

        DateEventPrice
        10/31/2024Contingent$2,100,000
        Source: Bright MLS #DESU2059932 Report a problem
        4/12/2024Listed for sale$2,100,000
        Source: Bright MLS #DESU2059932 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$72 -22.6%$16,850 +648.9%
        2024$93 +0.1%$2,250
        2023$93 +1.7%$2,250 +100%
        2022$91 +3.1%$1,125 -50%
        2021$89 +4.8%$2,250
        2020$85 $2,250
        2019$85 +0.5%$2,250
        2018$84 -1%$2,250
        2017$85 +12.5%$2,250
        2016$76 -3%$2,250
        2015$78 +1.5%$2,250
        2014$77 -1.1%$2,250
        2013$78 +4.1%$2,250
        2012$75 +1%$2,250
        2011$74 $2,250
        2010$74 +0.4%$2,250
        2009$74 $2,250
        2008-- --
        2007-- --
        2006-- --
        2005-- --
        2004-- --
        2003-- --
        2002-- --
        2001-- --
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 19944

        Getting around

        60 / 100
        Somewhat Walkable
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Indian River

        Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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