Description
A high visibility property on 1.83 acres commercially zoned with 400' of road frontage on U.S. Route 40 in Bear, Delaware. This commercial zoned area include a 4-unit, 4200 square feet, fully leased, retail center and 1.2 acres of undeveloped road frontage on U.S. Route 40. The total NOI for the commercial center has a 6% cap rate. Great potential for additional changes to increase maximum income. Many possibilities for the 1.2 undeveloped area with approximately 260" of Route 40 frontage to build additional retail space , Car wash, Convenience store, Daycare, Medical or Office building, or many other applications.
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0BEDS
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1.83ACRES
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0BATHS
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01/2 BATHS
Description
A high visibility property on 1.83 acres commercially zoned with 400' of road frontage on U.S. Route 40 in Bear, Delaware. This commercial zoned area include a 4-unit, 4200 square feet, fully leased, retail center and 1.2 acres of undeveloped road frontage on U.S. Route 40. The total NOI for the commercial center has a 6% cap rate. Great potential for additional changes to increase maximum income. Many possibilities for the 1.2 undeveloped area with approximately 260" of Route 40 frontage to build additional retail space , Car wash, Convenience store, Daycare, Medical or Office building, or many other applications.
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