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    38188 Dupont Blvd Selbyville, DE 19975

    For Sale
    $1,150,000

    Established Restaurant, High Traffic Location, Great Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 0.7-acre property at 38188 Dupont Boulevard in Selbyville, Delaware, presents a unique investment opportunity. The building, formerly operating as the Cactus CafГ©, boasts a rich history of over 30 years serving the local community. Its prime location on Route 113 ensures high visibility and accessibility for customers. The turnkey operation includes all necessary equipment for immediate restaurant operation, eliminating the need for significant upfront investment. The spacious interior comfortably seats 100 patrons, complemented by a full bar and service bar, enhancing the dining experience. Multiple televisions cater to sports enthusiasts, adding to the ambiance. Practical features include a walk-in cooler and a walk-in freezer, streamlining operations. Ample parking is provided with 50 spaces. The property is currently leased, offering flexibility for a new owner to either continue the existing restaurant operation (with potential lease renegotiation) or pursue redevelopment options, given its desirable location and established infrastructure. The asking price is $1,150,000. This presents a compelling opportunity for an experienced restaurateur or a developer seeking a prime location in a thriving community.

    Property Features for 38188 Dupont Blvd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    30,492 SF

    Building Details

    Year Built
    1989
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CELAJES RESTAURANT Restaurant Tulum Restaurant Restaurant Cactus Cafe Mexican Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Selbyville
    County
    Sussex
    State
    Delaware
    Longitude
    -75.23426
    Latitude
    38.46092

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    FAQs

    What type of property is this?
    Commercial real estate - Established Restaurant, High Traffic Location, Great Potential
    Where is this commercial real estate located?
    The property is located at 38188 Dupont Blvd Selbyville, DE.
    What is the asking price?
    The asking price for this property is $1,150,000.
    (410) 543-5115
    Request Owner's contact information
    38188 Dupont Blvd Selbyville, DE 19975
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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
    38188 Dupont Blvd Selbyville, DE 19975
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