39039 Gray's Lane, Unit PARK

39039 Gray's Lane, Unit PARK

Fenwick Island, DE 19944

$2,100,000
Price
24,394 / 0.56
Lot Size / Acres
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Description

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...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. Property is not in Fenwick Town Limits falls under Sussex County.
  1. Listed by Nancy Reither • Coldwell Banker Realty
    P: 4106035050 nreither@cbmove.com

Property Details for 39039 Gray's Lane, Unit PARK

Tax ID Number
134-23.20-76.00-PARK
Ownership
Fee Simple
HOA
No
Waterfront
No
Garage
No
Legal Subdivision
Seabreeze Tr Pk
Central Air
No
Construction Completed
No

Location

Listing Courtesy of Coldwell Banker Realty
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LISTING UPDATED: 04/12/2024 07:52 PM

Property Details for 39039 Gray's Lane, Unit PARK

StatusActive
MLS #DESU2059940
Days on Market18
Taxes$801 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Fee Simple
Year Built-
Lot Size0.56 AC
CountySussex County

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute

Building Information for 39039 Gray's Lane, Unit PARK

Lot Size0.56 AC

Payment Calculator

$11,527 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,461

Property Taxes

$67

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 39039 Gray's Lane, Unit PARK

Location
Location
  • In City Limits: No
  • School District Name: INDIAN RIVER
  • School District County ID: 300200396898
  • SchoolDistrictSource: Listing Agent
  • County: SUSSEX
  • MLS Area: Baltimore Hundred (31001)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Year Assessed: 2023
  • County Tax: $87
  • Clean Green Assessed: No
  • Land Use Code: 999
  • Zoning: C-1
  • Tax Lot: 2S
  • School Tax: $715
  • Automatically Update Tax Values Y/N: Yes
Building Info
Lot / Land Information
Farm Information
  • Farm Land Preservation Y/N: No
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Current Use: Commercial
  • Parcel ID: 5121830
  • Additional Parcels: Yes
  • Ground Rent Exists: No
Interior Features
Interior Features
  • Fireplace: No
Utilities
Utilities
  • Water Source: Private
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Coastal Association of REALTORS (MD)
  • List Agent URL: nreither.cbintouch.com

Property History for 39039 Gray's Lane, Unit PARK

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 39039 Gray's Lane, Unit PARK

This home is within Indian River School District.
Rating
School
Type
Grades
Distance
Showell (Phillip C.) Elementary School
Public - K to 5
Selbyville Middle School
Public - 6 to 8
Indian River High School
Public - 9 to 12
Southern Delaware School of the Arts
Public - K to 8
Rating
School
Distance
Showell (Phillip C.) Elementary School
PublicK to 5

Selbyville Middle School
Public6 to 8

Indian River High School
Public9 to 12

Southern Delaware School of the Arts
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 39039 Gray's Lane, Unit PARK, Fenwick Island, DE 19944

39039 Gray's Lane, Unit PARK is a 0.56 ac of land for sale in Fenwick Island, DE 19944. This property was listed for sale on April 12, 2024 by Coldwell Banker Realty, it's currently listed at $2,100,000. This listing's school district is Indian River School District. Nearby schools include Showell (Phillip C.) Elementary School, Selbyville Middle School and Indian River High School. 39039 Gray's Lane, Unit PARK is a 0-bed, 0-bath, 0.56 ac of land on a 24,394 sq. ft. / 0.56 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.