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    38552 Sussex Hwy Delmar, DE 19940

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    Highway 13 Retail Opportunity: Flexible Lease Options

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional commercial property, located at 38552 Sussex Highway in Delmar, Delaware, presents a unique opportunity for businesses seeking high visibility and convenient access. Situated on the Route 13 retail corridor, alongside established regional healthcare providers TidalHealth and NovaCare, this location boasts excellent visibility and direct highway access. The property offers flexible leasing and build-out options, catering to a diverse range of tenants. Currently, approximately 2,000 square feet of unfinished shell space is available within the existing building, allowing for complete customization of the floor plan and finishes to perfectly suit a tenant's specific needs. Furthermore, a fully approved and permitted 10,000 square foot pad site with a pre-existing foundation is ready for immediate development, presenting a prime build-to-suit opportunity. This location is ideal for retail, office, or flex users. Lease rates for the vanilla shell space begin at $16 per square foot, triple net (NNN). The property is located in the sales tax-free state of Delaware, offering significant financial advantages. The landlord is highly motivated to lease the space and welcomes offers. This is a rare opportunity to secure a prime commercial location with exceptional flexibility and visibility.

    Property Features for 38552 Sussex Hwy

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    2019
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TidalHealth Primary Care Medical Clinic Khalil Gorgui, MD Internist NovaCare Rehabilitation - Delmar Physical Therapy Clinic Wendy Corkran, APRN Nurse Practitioner Dr. Makondo Shimukowa Internist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Delmar
    County
    Sussex
    State
    Delaware
    Longitude
    -75.5589
    Latitude
    38.46006

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    FAQs

    What type of property is this?
    Commercial real estate - Highway 13 Retail Opportunity: Flexible Lease Options
    Where is this commercial real estate located?
    The property is located at 38552 Sussex Hwy Delmar, DE.
    (410) 543-5115
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    Delmar, DE 19940
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38552 Sussex Hwy Delmar, DE 19940
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