118 ATLANTIC AVE #302/301 Ocean View, DE 19970

295175477 38.54519 -75.0988 230 /listing/295175477-151500408/118-atlantic-ave-no-302301-ocean-view-de-19970 False 0 649000.0 4000 101 DESU183578 False
$649,000
  • 4,000 sqft
  • Est payment $3483.97/mo

Property & Neighborhood Info

Courtesy Of Coldwell Banker Resort Realty - Lewes

Commercial in OCEAN VIEW

INVESTMENT OPPORTUNITY! 100% Leased, Long term multi-tenant office/medical. This unit (#302) and the adjacent unit (#301, tax ID: 134-12.0-425.00-6, similar sq ft.) are being sold together. 2 Units total. Low county and city taxes. Low condo fees. IRR: 10.2% CAP: 7.1% Well maintained commercial property housing two long term tenants with current lease agreements in place. Location Location Location!!!! Right in the middle of a busy business/retail/office district.

Courtesy Of Coldwell Banker Resort Realty - Lewes
  1. 4,000 Sq. Ft.

Main Features

  • Listing Status: Active
  • Year Built: 2004
  • Garage: 30.0
  • School District: INDIAN RIVER
  • County: Sussex
  • Taxes: $761.00
  • Tax Year: 2021
  • Building Name: NONE AVAILABLE
  • MLS Number:DESU183578

Additional Features

  • Air Conditioning:
    • Yes
  • Cooling:
    • Central A/C
  • Cooling Fuel:
    • Other
  • Water Heater:
    • Other
  • Building Area Source:
    • Assessor
  • Building Square Feet:
    • 1997.00
  • Business Type:
    • Medical
    • Professional
  • New Construction:
    • No
  • Roof:
    • Shingle
  • Water Source:
    • Public
  • Lot SF Source:
    • Assessor
  • Waterfront:
    • No
  • Parking:
    • Paved Parking
  • Heating:
    • Forced Air
  • Heating Fuel:
    • Other
  • Sewer:
    • Public Sewer
  • Accessibility Features:
    • 2+ Access Exits
    • Entry Slope <1'
    • Level Entry - Main
    • Other
  • Water Access:
    • No
  • List Type (Exclusive):
    • Exclusive Agency
  • Rental Features:
    • No
  • Assessment Year:
    • 2021
  • Cap Rate:
    • 7.10
  • Historic YN:
    • No
  • MLSSystem ID:
    • BRIGHT
  • Possession:
    • 0-30 Days CD
    • Other
    • Subject to Existing Lease
  • Price Per SQFT:
    • 324.99
  • Rent Amount:
    • 69101.04
  • Sourced By:
    • Bright MLS
  • Total Parking Spaces:
    • 30
Neighborhood info courtesy of Homes.com © 2021

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Sandra Brookman (Strickler) Crystal Elliott
Sandra Brookman (Strickler) Crystal Elliott
Realtors/RE/MAX Real Estate Connections
(540) 671-5850 (540) 671-0020
235 South Street Front Royal VA 22630
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38.54519 -75.0988

118 ATLANTIC AVE #302/301 Ocean View, DE 19970

295175477 38.54519 -75.0988 230 /listing/295175477-151500408/118-atlantic-ave-no-302301-ocean-view-de-19970 False 0 649000.0 4000 101 DESU183578 False
  • $649,000
  • 4,000 sqft
  • Est payment $3483.97/mo