Prime commercial location in Selbyville of 10.09 acres. This is a rare commercial development opportunity on the busy intersection of Lighthouse Sound Rd. (Route 54) and Hudson Rd. There are already many existing new homes surrounding this property and more than 3,200 additional homes are coming soon. This is the perfect location for a shopping center, multiple smaller retail businesses, and/or medical or other professional offices to serve these homes and the entire Selbyville, Bayside, Fenwick, Ocean City area. The Seller will finance up to 70% of the purchase price at 1 percent below the current prime lending rate for up to 5 years. If you are interested in only the highly visible corner piece on Hudson Rd. and RT 54 seller will sell a 3-acre parcel on that corner for $3 million. This is an incredible business opportunity. The property is located 8 miles from the beach.
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (443) 856-2211
Listing Agent: Nancy Reither
Lot Features
Lot Information:
Lot Size: 10.09 Acres
School Info
Assigned Schools Information:
Indian River High School, Public District Grades 8-12
Selbyville Middle School, Public District Grades 6-8
Showell (Phillip C.) Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: From North Ocean City take Coastal Hwy to Rt 54. Follow Rt 54. The property is right before the crossing with Hudson Rd. 32474 Lighthouse Rd.
Price Information
Listing Price Info
Price Summary:
List Price: $7,900,000
Tax Information:
Annual Amount: $563
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #DESU2044978
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (443) 856-2211
Listing Agent: Nancy Reither
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Showell (Phillip C.) Elementary School
41 Bethany Rd
Distance between this listing and this school5.91 miles
Public District Grades PK-5
Middle School
5
/10
Selbyville Middle School
80 Bethany Rd
Distance between this listing and this school5.48 miles
Public District Grades 6-8
High School
5
/10
Indian River High School
29772 Armory Rd
Distance between this listing and this school8.18 miles
Public District Grades 8-12
Assigned Schools
7
/10
Showell (Phillip C.) Elementary School
41 Bethany Rd
Distance between this listing and this school5.91 miles
Public District Grades PK-5
Nearby Schools
8
/10
Lord Baltimore Elementary School
120 Atlantic Ave
Distance between this listing and this school4.99 miles
Public District Grades PK-5
5
/10
Clayton (John M.) Elementary School
252 Clayton Ave
Distance between this listing and this school8.22 miles
Public District Grades PK-5
Assigned Schools
5
/10
Selbyville Middle School
80 Bethany Rd
Distance between this listing and this school5.48 miles
Public District Grades 6-8
Nearby Schools
8
/10
Southern Delaware School of The Arts
27 Hosier St
Distance between this listing and this school6.42 miles
Public Magnet Grades 1-8
8
/10
Stephen Decatur Middle School
9815 Seahawk Rd
Distance between this listing and this school10.32 miles
Public District Grades 7-8
Assigned Schools
5
/10
Indian River High School
29772 Armory Rd
Distance between this listing and this school8.18 miles
Public District Grades 8-12
Nearby Schools
6
/10
Stephen Decatur High School
9913 Seahawk Rd
Distance between this listing and this school10.18 miles
Public District Grades 9-12
3
/10
Sussex Central High School
26026 Patriots Way
Distance between this listing and this school16.05 miles
The neighbors living near this home have an average income of $73,707. The majority of Sussex County, DE residents have income between $35k-100k annually. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 32474 Lighthouse Rd
What is the listing price of this property?
The listing price of 32474 Lighthouse Rd property is $7,900,000.
What type of property is this?
The property 32474 Lighthouse Rd is land located in Selbyville, Delaware, 19975.
Is this property for sale now?
Active Listing: 32474 Lighthouse Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 32474 Lighthouse Rd are: Showell (Phillip C.) Elementary School: GreatSchools Rating 7/10Selbyville Middle School: GreatSchools Rating 5/10Indian River High School: GreatSchools Rating 5/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $563 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 21, 2019 for $1,633,500. (source: MLS/tax record).
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This home is located at 32474 Lighthouse Rd in Selbyville, DE and zip code 19975. This home sits on a 10.09 acre lot. It has been listed on Rocket Homes since July 25, 2023 and is currently priced at $7,900,000.
While more than 55 listings in Sussex County, DE in March 2024 were sold above asking price, there were more than 75 listings sold at asking price, and more than 163 were sold below. The number of homes for sale in Sussex County, DE increased by 5.7% between February 2024 and March 2024. While the average time on the market in March 2024 was 57 days, the median list price was $474,812.
From Rocket Homes Real Estate and based on county public records data.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
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