$1,250,000
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36674 Dupont Boulevard Selbyville, DE 19975
Retail
Residence
Beds
4
Baths
...
Bed/Bath
15,000
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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42 mini storage units, 4200 sq.ft. warehouse under lease and 6400 sq.ft. retail or flex space currently available for lease. City water and sewer but located just outside of town. Mini-storage is gated and secure. 2 existing curbs cuts onto Rt. 113/Dupont Highway. Great exposure, visibility a...nd access. Current income is $53,591. Potential income is $148,357 (11% CAP Rate). Owner does not market the mini-storage and current vacancy is about 40%. The 6600 sq.ft. flex/retail building could be converted to climate controlled mini-storage. Estimated rental rate as is would be $10.50 +/- per sq.ft. If renovated/updated, this rate would be more in the $12 -$14 range depending on the level of finish.
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MLS#
DESU2074878
Property Type
Retail
Bathrooms
Square Feet
15,000
sq. ft
Price per Sq. Ft.
$83.33
Lot Size
1.25
Sewer
Public Sewer, Grinder Pump
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