22586 Sussex Hwy Seaford, DE 19973
- Commercial real estate
- 0.86 lot acres
Current Use by Public Records
- Lakeshore Chrysler Dodge Jeep Ram / Brake Shop / Dodge Dealer
- 20 Group Dealer Trades / Auto Auction
- Lakeshore Jeep / Jeep Dealer
- Lakeshore Ram / Ram Dealer
- Lakeshore Dodge / Dodge Dealer
Property Details for 22586 Sussex Hwy
- Lot size
- 0.86 lot acres
- Zone code
- C-1
- Property type
- Commercial real estate
- APN
- 331-3.00-193.01
- APU
- 33130019301
Description
This exceptional Seaford, Delaware commercial property boasts 37,000 square feet of versatile space, ideally suited for a variety of retail, office, and warehouse operations. Situated on a 1.16-acre lot with an additional 1.6-acre wooded parcel, this property offers significant expansion potential. The main building features a sizable retail showroom and substantial storage areas, perfectly complementing its prime location. The property's strategic position along Route 13 (Sussex Highway) provides over 400 feet of high-visibility frontage, ensuring maximum exposure to a substantial daily traffic volume. Two convenient entrances allow for easy access from both northbound and southbound lanes, enhancing accessibility for customers and employees alike. Adding to its unique appeal is a fully serviced barn, offering additional storage or potential for adaptive reuse. The included 1.6-acre wooded parcel presents a valuable opportunity for future development, allowing for expansion or the creation of additional amenities. This property represents a rare opportunity to acquire a well-positioned, versatile commercial space with significant growth potential in a thriving Delaware market. The combination of high visibility, ample space, and expansion potential makes this an attractive investment for discerning buyers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $335,000
- 6.5%
- $310,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $345,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $330,000
- Retail
- $325,000
- Mixed-Use
- $290,000
- Hospitality
- $330,000
- Educational
- $355,000
- Residential Income
- $310,000
- Energy
- $325,000
- Income-Based Land
- $290,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- Seaford
- County
- Sussex
- State
- Delaware
- Longitude
- -75.5936
- Latitude
- 38.6706
- CBSA code
- 41540
- CBSA name
- SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA