37088 Fenwick Blvd Selbyville, DE 19975
- Commercial real estate
- 1.91 lot acres
Current Use by Public Records
- Walgreens Photo / Passport Photo Processor / Photo Lab
- Walgreens Pharmacy / Pharmacy
- Walgreens / Drug Store / Beauty Supply Store
- Coinhub Bitcoin ATM Teller / Atm
- James M. Mcguire, PD / Pharmacy
Property Details for 37088 Fenwick Blvd
- Lot size
- 1.91 lot acres
- Zone code
- B-1
- Property type
- Commercial real estate
- APN
- 533-12.00-80.05
- APU
- 53312008005
Description
Fenwick Plaza, located at 37088 W Fenwick Blvd in Selbyville, Delaware (zip code 19975), presents a unique opportunity for retail businesses. This mixed-use commercial property boasts a total of 39,624 square feet on a 0.75-acre lot in Sussex County. Currently, there is one suite available, totaling 4,704 square feet, ideal for a variety of retail uses. The property is situated in a high-traffic area, benefiting from its location within a development anchored by Food Lion and Walgreens on busy Lighthouse Road (DE-54). This prime location is surrounded by several large residential communities, including Americana Bayside, Swann Cove, and the Refuge at Dirickson Creek, ensuring a substantial customer base. The property's multiple tenancy allows for flexibility and potential for synergistic businesses. This is an exceptional opportunity to establish a retail presence in a thriving Delaware community with strong residential support. The property offers excellent visibility and accessibility, making it an attractive option for businesses seeking a strategic location in a rapidly growing area. The available space provides ample room for a variety of retail concepts. Don't miss this chance to secure a prominent position in a bustling commercial center.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $260,000
- 6.5%
- $260,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $285,000
- Geo Method
- $250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $255,000
- Mixed-Use
- $305,000
- Hospitality
- $245,000
- Educational
- $220,000
- Residential Income
- $250,000
- Energy
- $285,000
- Income-Based Land
- $290,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Selbyville
- County
- Sussex
- State
- Delaware
- Longitude
- -75.1044
- Latitude
- 38.4735
- CBSA code
- 41540
- CBSA name
- SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA