6975 Old Bch Rd Frederica, DE 19946
This exceptional commercial property, known as "The Old Webb's Market," presents a unique investment opportunity in Frederica, Delaware. Located at 6975 Old Beach Rd, this 3,200 square foot building sits on a 0.44-acre lot (APN: SM-00-12200-02-3500-000) and offers significant flexibility for a variety of uses. Built in 1975 and renovated in 2003, the single-story structure boasts 9-10 foot ceilings and features dual entrance/exit points to a convenient parking area. The property benefits from high visibility and easy access to Route 1, both northbound and southbound. Zoned BN (Business Neighborhood) by Kent County, this property allows for a multitude of uses, including but not limited to: antique shops, service shops, laundromats, convenience stores, grocery stores, florists, and professional offices. Conditional use permits expand possibilities further, encompassing churches, dry cleaners, and health centers. The building's layout allows for easy division into multiple units, maximizing rental income potential. A new well is being installed by the seller under a signed contract. The asking price is $619,000 ($193.44 per square foot), making this a compelling owner/user investment opportunity with substantial revenue potential, whether through leasing or operating your own business. Detailed permitted uses are available through the Kent County Zoning Code.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.