302-504-4778
22762 Sussex Hwy, Seaford, DE for Sale
Freestanding - FOR SALE
1/16
null | Request Cap Rate

22762 Sussex Hwy
Seaford, DE 19973


OVERVIEW

Approximately 9,600 SF of combined commercial building area based on owner field measurements, on 1.6 +/- acres directly on Sussex Highway in the heart of Seaford's established national retail corridor. Approximately 160 feet of frontage, a new paved and sealcoated parking lot with approximately 75 spaces, broad site circulation, open span construction and a comprehensive 2022 rebuild make this a rare turnkey opportunity on US 13. The main building was stripped back to its structural steel frame and heavy duty concrete slab, then rebuilt around the bones that mattered. Capital improvements include a new roof, substantial new electrical work and lighting, new plumbing and water systems, new septic, HVAC improvements, new exterior metal siding and stone veneer, a structurally engineered glass storefront, four frosted glass overhead doors, polished heavy duty concrete floors, finished office and lounge areas, finished bathrooms, and extensive interior framing, drywall and finish work. Approximately 14 foot clear height across the majority of the main building gives an owner user or tenant real flexibility for retail, showroom, automotive, service, distribution or hybrid concepts. The location is difficult to replicate. Lowe's, Texas Roadhouse, IHOP, Sherwin Williams, Jersey Mike's, Little Caesars and M&T Bank are immediately adjacent, with Walmart, Wawa and Grotto's Pizza in the surrounding corridor. ALDI is developing directly across from this location on US 13. National retailers do their homework before they deploy capital, and a buyer here gets to benefit from the same corridor and retail concentration they already selected. Add Sussex County C 4 Planned Commercial zoning, established highway access and a site already built for circulation, and the value proposition becomes straightforward: priced below current replacement cost, with the major capital work already completed. Every other option on this corridor asks a buyer to take on some combination of time, construction, permitting or deferred capital risk. Ownership has already eliminated much of that risk here. Do not stop at the listing photos. Open the attached marketing flyer for the full renovation scope, field measured building layout, site and parking overview, ALDI development context, surrounding national retail concentration and the complete value proposition. If this corridor is on your acquisition or expansion list, the flyer is where the full story comes together.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Turnkey | Freestanding | Hwy Frontage | 1.6ac

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Auto Dealership, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

C4

APN/PARCEL ID

331-05.00-107.01

ASK ABOUT THIS PROPERTY

Mark LillardCarter Lillard Land Holdings LLCMore Info
302-504-4778

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Mark LillardCarter Lillard Land Holdings LLCMore Info
302-504-4778

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.