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$2,350,000
Est. payment /mo
1.13 Acres Lot
UPDATED:
10/21/2024 04:09 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID DESU2072942
Originating Board BRIGHT
Year Built 1970
Annual Tax Amount $3,407
Tax Year 2024
Lot Size 1.130 Acres
Acres 1.13
Lot Dimensions 0.00 x 0.00
Property Description
This exceptional industrial property offers a rare investment opportunity, featuring a long-standing and reputable tenant, strategically located in the highly sought-after Selbyville, Delaware,
market. The property consists of over 39,500 square feet of warehouse, office, and show room space spread across 3 Acres, making it ideal for investors seeking stable cash flow and growth potential.
Since 1969, this property has been the home of Cabinetry Unlimited, a well-established business servicing the entire Delmarva Peninsula. In 2021, Cabinetry Unlimited was acquired by DB Home Designs, a
subsidiary of CSC Generation, a $1.5 billion privately held furniture and home goods company. This acquisition further solidifies the stability of the tenant and their commitment to the property for the foreseeable future.
The industrial site includes three buildings, each equipped with essential features such as loading docks, drive-in doors, and ample manufacturing space. With its combination of a prime location, quality
tenant, and versatile industrial features, this property presents an outstanding opportunity for investors seeking a secure, income producing asset.
market. The property consists of over 39,500 square feet of warehouse, office, and show room space spread across 3 Acres, making it ideal for investors seeking stable cash flow and growth potential.
Since 1969, this property has been the home of Cabinetry Unlimited, a well-established business servicing the entire Delmarva Peninsula. In 2021, Cabinetry Unlimited was acquired by DB Home Designs, a
subsidiary of CSC Generation, a $1.5 billion privately held furniture and home goods company. This acquisition further solidifies the stability of the tenant and their commitment to the property for the foreseeable future.
The industrial site includes three buildings, each equipped with essential features such as loading docks, drive-in doors, and ample manufacturing space. With its combination of a prime location, quality
tenant, and versatile industrial features, this property presents an outstanding opportunity for investors seeking a secure, income producing asset.
Location
State DE
County Sussex
Area Baltimore Hundred (31001)
Zoning GC
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 45.0
Water Access N
Accessibility Level Entry - Main
Total Parking Spaces 45
Garage N
Building
Lot Description Additional Lot(s)
Sewer Other
Water Public
New Construction N
Schools
School District Indian River
Others
Tax ID 533-16.12-13.00
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Listed by Shelby Gillis • NAI Coastal
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