$395,000 Lot 11 Commercial Ln Laurel, DE

MLS: 6679309   Type: Commercial   County: Sussex   City: Laurel   Area: Sussex County   Neighborhood: Laurel   Zip: 19956     Taxes: $2,582

Mortgage $1,854 /mo



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Can you think of another business that requires very little hands-on effort other than collecting the rent, keeping the lights on, and cutting a little grass now and then? This mini storage facility is C-1 zoned, has 134' road front, 1+ acres, plenty of parking, 54 storage units with 9600 square foot capacity; 10-25s/f, 18-50s/f, 10-100s/f, 6-75s/f, 4-150s/f, 4-800s/f, and 2-1600s/f. Owner estimates rents at 94,080 (low,) 108,840 (medium,) and 123,600 (high,) annually. With a little business savvy, this could be the perfect opportunity to own your own low maintenance, high yield business. Great location off a major N/S county highway on a commercial drive. Commercial lane maintained by all business occupants on road with a 1/15 shared annual cost (if any) to include snow removal. Plenty of office space for other business growth or use as storage. The potential is endless with the other office areas while making a steady storage unit income.

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Price History

11/30/2015 Listed $595,000
4/30/2016 17% - $495,000
5/23/2016 21% - $395,000

Is Twin No
Listing Area Sussex County (31000)
Price Per Sqft 41.1458
Property Type Commercial
School District Laurel
Subdivision LAUREL
Tax Annual Amount 2582.0
Total Units 54
Zoning C-1

Interior Features

Buildingfloors 1.0

Exterior Features

Lot Dimensions 134X288
Number of Buildings 4
Waterfront N

Property Schools

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Property vs Zip Code Avg (19956)

Price 395K Avg 977K

Sqr Feet 9,600 Avg 4,946

Cost / Sqr Ft $41 Avg $198

Taxes $2,582 Avg $7,780

Acres 1.2 Avg 2.52

Visits 32 Avg 37

Walkscore® 40 Avg 29

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Location & Address

eXp Realty Delaware
State Broker of Record is located at 144 Kings Hwy, Suite 301, Dover, DE 19
Dover, DE