$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
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
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Bought with SKIP FAUST III • Coldwell Banker Resort Realty - Rehoboth
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4221 Forbes Blvd, Suite 240, Lanham, MD, 20706, United States