39039 W Grays Lane Unit PARK
FENWICK ISLAND, DE 19944
- – beds
- – baths
- – sqft
- ~1/2 acre lot
This is a prime location in sought-after Fenwick Island! This is an extremely rare opportunity to purchase C-1 commercial land in Fenwick Island DE close to the beach and Atlantic Ocean. A salty breeze carries the scent of the Atlantic Ocean as you stand on these 4 commercially zoned C-1 parcels in Fenwick Island. Just a few blocks east the waves crash against the shore, a constant reminder of the area's beachside charm. The possibilities are endless. One potential would be a vibrant multifamily community development that caters to a variety of residents seeking a comfortable and convenient beach lifestyle. The development could offer a range of unit sizes, from cozy cottages to spacious multi-bedroom townhomes. The potential for shared amenities adds another layer to the multifamily living experience. Perhaps even a swimming pool or fitness center could be incorporated, creating a space for relaxation and healthy living. Other possibilities include a shopping center, multiple smaller retail businesses, and/or medical or other professional offices or leave as mobile home parks. This land is close to the Fenwick and Ocean City beaches, shops, restaurants, mini golf, water parks, and entertainment. The land is located off Rt 54 Lighthouse Rd and is currently used as a mobile home park (Gray's Lane Park) consisting of Tax ID 134-23.02-75.00-Park (18,295 sq ft) and Tax ID 134-23.02-76.00-Park (24,394 sq ft). Purchaser must buy both parcels at the same time. The historic Fenwick Island Lighthouse is directly next to the parcel and the historic lighthouse keeper's house is part of the sale. A possible Air B&B unique experience for that residence awaits! On the opposite side of the road is another mobile home park (Fryers Lane Park), consisting of Tax ID 134-23.02-56-Park (29,621 sq ft) and Tax ID 134-23.02-57.00-Park (30,492 sq ft). Purchaser must buy both parcels at the same time. Total acreage for the four parcels is 2.34 Acres (acreage on the North side of Rt. 54 is 1.36 Acres and the South Side of Rt. 54 is .98 Acres). Mobile homes belong to the tenants. The buyer must honor this season's existing rentals or settle on Nov. 1st after this coming rental season ends. Property is not in Fenwick Town Limits falls under Sussex County.
Last checked:
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Last updated Jan 17, 2025
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MLS# DESU2059940 —
The Building
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Unit Number:PARK
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Bank Portfolio
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Possession:Settlement
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Lease Considered:No
Location
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Directions:Take Coastal Hwy North to Rt 54/Lighthouse Rd. Turn left onto Grays Ln. Lot is the entire left side.
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Latitude:38.45157815
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Longitude:-75.05468599
The Property
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Property Type:Land
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Property Subtype:Land
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Current Use:Commercial
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Lot Size Units:Square Feet
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Lot Size Acres:0.56
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Lot Size Source:Assessor
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Lot Size Dimensions:0.00 x 0.00
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Lot Dimensions Source:Assessor
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Lot SqFt:24,394 Sqft
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Additional Parcels:Yes
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Federal Flood Zone:AE
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Zoning:C-1
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In City Limits:No
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Farm Land Preservation:No
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Land Use Code:999
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (410) 603-5050
- Office phone:
- (443) 856-2211
Taxes
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Tax ID Number:134-23.20-76.00-PARK
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Tax Year:2023
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Tax Lot:2S
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Tax Annual Amount:$801
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Tax Assessed Value:$19,400
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Year Assessed:2023
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School Tax:715.0
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County Tax:87.00
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Total Taxes Payment Frequency:Annually
Utilities
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Sewer/Septic:Public Sewer
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Water Source:Private
Schools
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School District Name:Indian River
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School District Source:Listing Agent
The Community
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HOA:No
Extra Units
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/12/24
Apr 12, 2024
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Listed / Active | BRIGHT | $2,100,000 |
