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32474 LIGHTHOUSE ROADSELBYVILLE, DE 19975

Vacant Land · 8.40 Acres
$5,900,000 ACTIVE

32474 LIGHTHOUSE ROAD Overview

Time on Site:
1071 days
Visits:
8

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.

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32474 LIGHTHOUSE ROAD Facts & Features

  • Type Vacant Land
  • Lot 8.40 Acres

Details

General

Association/HOA

  • Association: No

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Business Information

  • Current Use: Vacant

Location/Region

  • Country: US
  • County: SUSSEX
  • County Or Parish: SUSSEX
  • In City Limits: No
  • MLS Area Major: Baltimore Hundred (31001)

Tax Information

  • County Tax: 57.00
  • County Tax Payment Frequency: Annually
  • School Tax: 470.00
  • Tax Annual Amount: $527.00
  • Tax Assessed Value: 12750.00
  • Tax Year: 2023

General Information

  • Historic: No
  • Property Sub Type: Land
  • Property Type: Land
  • School District Name: INDIAN RIVER
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2023
  • Zoning: TN

Interior

Parking Information

  • Garage: No

Building Interior

  • Central Air: No

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 8.40
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 365904.00
  • Lot Size Units: Square Feet
  • Water Source: None

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

General Information

  • Farm Land Preservation: No
  • Sewer: Other
  • Water Access: No

32474 LIGHTHOUSE ROAD Neighborhood

Community

19975 (SELBYVILLE) Demographics

57
Median Age
322
Population Density (per sq. mile)
44%
College Educated
$67,257
Estimated Median Income
3,546
Estimated Total Home Owners
653
Estimated Total Renters
84% / 16%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

32474 LIGHTHOUSE ROAD Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

32474 LIGHTHOUSE ROAD Market Data

Based on the last 30 days in this zip code

$838,285
Average List Price
$315
Average Price per Square Foot
43
Properties Sold
117
Average Days on Market
244
Properties for Sale
Calculations provided by Reliance Network

32474 LIGHTHOUSE ROAD History

Date Event Value Agent
12/26/2025Source: BRIGHT MLS Price Reduction
$5,900,000 -25.3%
12/3/2024Source: BRIGHT MLS Added to Database
August 12, 2021
12/3/2024Source: BRIGHT MLS Price Reduction
$4,500,000 -8.2%
12/3/2024Source: BRIGHT MLS Status Change
ACTIVE
12/3/2024Source: BRIGHT MLS Added to Database
July 24, 2023
12/3/2024Source: BRIGHT MLS Price Increase
$7,900,000 75.6%
Listing provided courtesy of Coldwell Banker Realty- MLS# DESU2044978MLS ProviderContact Information: 4438562211