Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1970
Sq.Footage
N/A
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. Cabinetry Unlimited has successfully operated their business for decades, showcasing 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. 5/1/2025 NOI $180,000 with quarterly percentage rent bonuses. Initial term through April 2028 with multiple options to extend.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Other
-
Heating YN
YES
-
Heating
Other
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Other
-
Parking
Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
1.13
-
Property Type
Commercial Sale
-
Property Sub Type
Industrial
Price
-
Sales Price
$2,290,000
-
Tax Amount
$3,407
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Other
-
Water Source
Public
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Location
County
SUSSEX
Elementary School
Middle School
High School
Listing Courtesy of Shelby Gillis , NAI Coastal
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