36674 Dupont Blvd - Freestanding FOR SALE


Selbyville, DE 19975
$1,250,000 USD
410-251-6408
36674 Dupont Blvd, Selbyville, DE for Sale
$1,250,000 USD
Freestanding - FOR SALE
1/16
null | 4.29% Cap Rate

36674 Dupont Blvd
Selbyville, DE 19975


OVERVIEW

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 and access. Current income is $53,591 (4% CAP rate). 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. 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.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

4.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

7.77 AC

LAND SF

338,461 SF

ZONING

TN

APN/PARCEL ID

533-09.00-49.00

ASK ABOUT THIS PROPERTY

Wesley Cox, CCIMSVN | Miller Commercial Real EstateMore Info
410-251-6408

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Wesley Cox, CCIMSVN | Miller Commercial Real EstateMore Info
410-251-6408

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