Highway Frontage Commercial
18119 SUSSEX Hwy Bridgeville, DE 19933
For Sale
$2,200,000
Commercial property with highway frontage and redevelopment potential.
Property Size13,000 SF
Lot Size6.00 Acres
Price / SF$169.23
Days on Market95
Property Features for 18119 SUSSEX Hwy
General Information
- Standard status
- Active
- Size
- 13,000 SF
- Lot size
- 6.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2000
Listing Agency:
Keller Williams Realty Delmarva
(302) 236-1230
Listed By:
Bill Lucks · License #(DE)RA-0020851
(302) 236-1230
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 11:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Delmarva
Investment Insights
Based on property information with market context.
This commercial property features a direct north/south highway location with C-1 zoning. The B+ to A rated facility includes approximately 13,000 square feet of business space and 350 feet of road frontage on 6 acres. The average annual daily traffic count is over 25,000. The property is divided into three units: one with 4675 square feet, one with 5930 square feet, and one with approximately 2400 square feet. One of the spaces, comprising 2400 square feet, is occupied by a long-term tenant with a monthly rent of $2600 on a triple net lease. There are approximately 70 parking spaces, along with additional driveway and rear ancillary parking. The units are separated by firewalls and feature individual key-card staff entries, a diesel generator to prevent power loss, and fiber optics throughout. The property has an on-site LPP septic system with six pumps and a 2800-gallon capacity. The facility includes an LED lighted highway pylon, parking lot lighting, and a strobe fire alarm system throughout. Electric service is provided by Delmarva Power, and the property has multiple HVAC units and 220 VAC. The property is not in a flood zone and has no municipal taxes. The location is suitable for continued use or redevelopment. The property has a bike score of 37, indicating it is somewhat bikeable, and a walk score of 24, indicating car-dependence.
Key Highlights
- Direct N/S highway location with 350‑foot road frontage and high traffic volume (AADT 25,000+)
- C‑1 zoning on 6 acres, suitable for continued use or redevelopment
- Approximately 13,000 s/f of business space divided into 3 units, offering diverse leasing opportunities
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $179.4k | $13.80 |
| − Vacancy | −$12.9k | −$0.99 |
| EGI | $166.5k | $12.81 |
| − OpEx | −$49.9k | −$3.84 |
| NOI | $116.5k | $8.96 |
13,000 SF · lease $13.80/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.66M
$1.46M – $1.94M
NOI $116,538 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.57M
$3.13M – $4.17M
NOI $250,068 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kids Den Child ...
Daycare Center
Antoinette Hardy
Physician
Dr. Monique Yost
Physician
Harrison family Practice ...
Physician
FAQs
What type of property is this?
Strip mall - Commercial property with highway frontage and redevelopment potential.
Where is this strip mall located?
The property is located at 18119 SUSSEX Hwy Bridgeville, DE.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Direct N/S highway location with **350‑foot road frontage** and high traffic volume (AADT 25,000+); C‑1 zoning on 6 acres, suitable for continued use or redevelopment; Approximately 13,000 s/f of business space divided into 3 units, offering diverse leasing opportunities
