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 historic 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. PURCHASER MUST ALSO PURCHASE 39039 GRAYS LANE #PARK AT THE SAME TIME AND SETTLE ON BOTH PROPERTIES. TAX ID 134-23.02-76.00-PARK (Public Sewer and Artesian Water) Property is not in Fenwick Town Limits falls under Sussex County.
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: 0.42 Acres
Other
Directions Information:
Directions: Take Coastal Hwy North to Rt 54/Lighthouse Rd. Turn left onto Grays Ln. Lot is the entire right side.
Price Information
Listing Price Info
Price Summary:
List Price: $2,100,000
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Housing Market Comparison
See how this home compares to others in Fenwick Island, DE.
This property is $750.5K more than the Median Sold Price in Fenwick Island, DE.
Based on homes sold in November 2024
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #DESU2059926
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.
We're sorry, we currently don't have sales or tax history data for this listing.
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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.
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Nearby Schools
8
/10
Lord Baltimore Elementary School
120 Atlantic Ave
Distance between this listing and this school6.90 miles
Public District Grades KG-5
10
/10
Ocean City Elementary School
12828 Center Dr
Distance between this listing and this school7.77 miles
Public District Grades PK-4
9
/10
Showell Elementary School
11318 Showell School Rd
Distance between this listing and this school8.54 miles
Public District Grades PK-3
Nearby Schools
5
/10
Selbyville Middle School
80 Bethany Rd
Distance between this listing and this school8.38 miles
Public District Grades 6-8
8
/10
Southern Delaware School of the Arts
27 Hosier St
Distance between this listing and this school9.27 miles
Public Magnet Grades KG-8
10
/10
Stephen Decatur Middle School
9815 Seahawk Rd
Distance between this listing and this school10.75 miles
Public District Grades 7-8
Nearby Schools
7
/10
Stephen Decatur High School
9913 Seahawk Rd
Distance between this listing and this school10.57 miles
Public District Grades 9-12
5
/10
Indian River High School
29772 Armory Rd
Distance between this listing and this school11.37 miles
Public District Grades 9-12
3
/10
Sussex Central High School
26026 Patriots Way
Distance between this listing and this school19.16 miles
The neighbors living near this home have an average income of $64,541. The most common annual income of people living in Fenwick Island, DE is between $35k-100k. Typical family type is married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 39032 Grays Ln Park
What is the listing price of this property?
The listing price of 39032 Grays Ln Park property is $2,100,000.
What type of property is this?
The property 39032 Grays Ln Park is land located in Unit Park, Fenwick Island, Delaware, 19944.
Is this property for sale now?
Active Listing: 39032 Grays Ln Park is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 39032 Grays Ln Park in Unit Park, Fenwick Island, DE and zip code 19944. This home sits on a 0.42 acre lot. It has been listed on Rocket Homes since April 12, 2024 and is currently priced at $2,100,000.
In November 2024 more than 0 listings in Fenwick Island, DE were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 2 were sold below. Between October 2024 and November 2024, Fenwick Island, DE real estate market has seen decrease in the number of listings by 13%. The median list price of listings available in November 2024 was $1,349,500, while the average time on the real estate market was 31 days.
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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