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Key Details
Sold Price $129,900
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 44,814 sqft
Price per Sqft $2
Subdivision None Available
MLS Listing ID 1001019862
Sold Date 10/27/16
HOA Y/N N
Originating Board SCAOR
Year Built 2004
Lot Size 1.020 Acres
Acres 1.02
Lot Dimensions 231x194x234x186
Property Description
You can't buy a condo of any size or location for this price. Buy a beach condo and get an office at the beach OR Buy an office at the beach and get a condo. Live / Work opportunity one-half mile from downtown Rehoboth with superior Coastal Highway access and parking. Own for less than rent with 90% Owner financing available, 5.5% Interest, 20 Year Amortization. An additional 400 sq ft above (ready to finish). New hardwood floors, new paint, full Kitchen, full bathroom with shower. Unit 5 is offered for rent at $850 per month ($10,200 Annually). All walls are double 2x6 with 2" fire retardant between. Buy as an investment and become a positive cash flow landlord, or buy as a user of this attractive, well located, full functioning space. To keep condo fees at a minimum, each owner is responsible for their proportionate share (by sq ft) of total annual budget. In a typical year, a 600 sq ft unit: $500; an 880 sq ft unit: $750; a 2000 sq ft unit: $1700.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning C1
Interior
Interior Features Attic
Heating Forced Air, Heat Pump(s)
Cooling Central A/C, Heat Pump(s)
Flooring Hardwood, Vinyl
Fireplace N
Exterior
Water Access N
Roof Type Architectural Shingle
Street Surface Paved
Accessibility 2+ Access Exits, Mobility Improvements, Ramp - Main Level
Road Frontage State
Garage N
Building
Foundation Block, Crawl Space
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 334-13.00-313.02-5
Ownership Fee Simple
SqFt Source Estimated
Security Features Smoke Detector
Acceptable Financing Cash, Conventional, Seller Financing
Listing Terms Cash, Conventional, Seller Financing
Financing Cash,Conventional,Seller Financing
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Bought with SKIP FAUST III • Coldwell Banker Resort Realty - Rehoboth
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John Martinich
Co-Owner | License ID: VA-0225221526
Co-Owner License ID: VA-0225221526