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$512,500

  • Sold
  • Closed
  • Business
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Selling at close to an 8 cap! This prime investment opportunity is located in the 118 Atlantic Ave Professional Complex on heavily traveled Eastbound Rt 26 in Ocean View. Immediately income producing and currently under long term leases with excellent ROI. Leases available upon request. Ample parking. Agent is owner.

Full Property Details for 118 Atlantic Ave #402

General

  • Sold For: $512,500
  • Taxes: $839 (2023)
  • Status: Closed
  • Type: Business
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2051124
  • Added to Site: 847 day(s) ago

Business

  • Business Type: Flex, Professional, Religious Facility

Interior

  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Restrooms: 2

Parking

  • Total Spaces: 8
  • Parking Type: Parking Lot

Location

  • Area: Baltimore Hundred (31001)
  • County: Sussex
  • Driving Directions: Rt 26 East bound. Turn right into 118 Atlantic Ave Professional complex.
  • City Limits: Yes

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV

Structural Information

  • Construction: Frame, Aluminum Siding
  • Stories/Levels: 0
  • Year Built: 2006
  • Year Built Source: Estimated
  • Property Condition: Excellent

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Dimensions: 0.00 x 0.00
  • Zoning: TN

Financial Considerations

  • Price Per Sq. Ft.: $272.27
  • Assessment Year: 2023
  • School Tax: $748
  • County Tax: $91
  • County Tax Freq: Annually
  • Tax w/Assessment: $20,300
  • Tax Amount: $839
  • Tax Year: 2023

Disclosures and Reports

  • Ownership: Condominium

Listed by Keller Williams Realty, BRADLEY ABSHER
Sold by Realty Mark Associates, Ruihua Zeka

Listing agent

— 118 Atlantic Ave #402 —

  • BRADLEY ABSHER

    Keller Williams Realty

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 118 Atlantic Ave #402

School District:Indian River School District
NameGradesDistance
Lord Baltimore Elementary School
120 Atlantic Avenue, Ocean View, DE 19970
PK-50.1 mi
Selbyville Middle School
80 Bethany Road, Selbyville, DE 19975
6-88.2 mi
Indian River High School, Dagsboro, DE
29772 Armory Road, Dagsboro, DE 19945
8-127.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 118 Atlantic Ave #402

Date
Details
Price
Change
Source
11/15/2024
Sold
$512,500
-14.44%
MLS
6/05/2024
Price Reduced
$599,000
-4.14%
MLS
1/31/2024
Price Increased
$624,900
13.64%
MLS
11/03/2023
Listed
$549,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Keller Williams Realty, BRADLEY ABSHER
Sold by Realty Mark Associates, Ruihua Zeka

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118 Atlantic Avenue #402, Ocean View, DE 19970 (MLS# DESU2051124) is a Business property that was sold at $512,500 on November 15, 2024. Want to learn more about 118 Atlantic Avenue #402? Do you have questions about finding other Business real estate for sale in Ocean View? You can browse all Ocean View real estate or contact a Coldwell Banker agent to request more information.