38967 Willow Ln - Office/Residential FOR SALE


Fenwick Island, DE 19944 | 
$1,000,000 USD
302-670-0861
38967 Willow Ln, Fenwick Island, DE for Sale
$1,000,000 USD
Office/Residential - FOR SALE
1/27
null | 5% Cap Rate

38967 Willow Ln
Fenwick Island, DE 19944


HIGHLIGHTS

  • Road frontage exposure to Lighthouse Rd and Coastal Highway just outside Ocean City Md
  • Walking distance to the Delaware and Ocean City beaches
  • Nightlife and restaurants within walking distance or short drive

OVERVIEW

Welcome to your ultimate family beach getaway in Fenwick Island. This beautifully maintained 5-bedroom, 4-bath home offers approximately 4,000 square feet of living space and is located less than one mile from the beach—delivering the ideal blend of comfort, versatility, and prime coastal location. With Delaware’s low property taxes, this is a smart investment as well as a place to create lifelong memories. Step inside to discover a bright and expansive family room centered around a cozy fireplace, perfect for year-round enjoyment. The spacious kitchen offers abundant cabinetry and generous gathering space, making it ideal for hosting large family meals and entertaining guests. Just off the main living area, a sunroom provides a peaceful retreat to unwind after a day on the sand. For those working remotely or running a business, the home features a dedicated office space with its own private entrance—offering flexibility, privacy, and convenience. The first-floor primary suite provides easy access and comfortable privacy. Upstairs, you’ll find a fully functional apartment-style living space complete with both private exterior access and interior connectivity. This flexible layout is perfect for extended family, guests, or creating additional rental income. Located just minutes from local restaurants, shopping, waterparks, mini golf, and coastal attractions, this property offers unbeatable proximity to everything the area is known for. Zoned Residential C-1 Commercial, it presents unique opportunities for personal enjoyment, rental income, or mixed-use potential. Projected short-term rental income is approximately $91,700 annually—with the possibility of generating even more if configured as two separate units. Whether you’re searching for a personal beach retreat, an income-producing property, or a flexible coastal investment, this exceptional home checks every box.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,844 SF

ZONING

C-1

APN/PARCEL ID

134-23.20-67.00

ASK ABOUT THIS PROPERTY

Roger BradleyIron Valley Real Estate At The BeachMore Info
302-670-0861

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Roger BradleyIron Valley Real Estate At The BeachMore Info
302-670-0861

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