Address
305 Coastal Highway, Fenwick Island, DE
Price
$ 250,000
Property Attributes
- MLS#DESU2051168
- TypeCommercial
- CountySUSSEX
- CityFenwick Island
- AreaBaltimore Hundred
- Zip19944
- StyleRestaurant/Bar
- Year Built1983
- Taxes$ 1392
- Price$ 250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2500
Data Source:
Bright MLS
Property Description
Very Rare business opportunity in Fenwick! Here is a Popular Mexican Restaurant & Bar now available for lease. It has a Great location: in a high-traffic area right on Coastal Hwy., oceanside in Fenwick Island, Delaware near the Ocean City, MD border. Visited by locals and vacationers alike, this end unit business is in a small shopping plaza and has an outdoor patio and cool, funky trolley. That trolley and all the equipment, furniture and dcor are included in the sale of the business! The ideal layout has a separate bar area with high top tables & one large table and then the dining room has both high-top & regular tables & chairs plus some bench seating. Winner of the Best Margarita - their Tres-arita 10 years in a row! Remember, Life is Not a Dress Rehearsal!
| Price History | |
|---|---|
| 12/4/2023 | Listed $250,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Heat Pump - Electric BackUp |
| Cooling | Central A/C |
| Possession | Negotiable |
| Zoning | C-1 |
| Construction Materials | Stick Built |
| Year Built | 1983 |
| Property SubType | Other |
| Tax Year | 2022 |
| Percent Ownership | Leasehold |
| Cool Fuel | Electric |
| OwnerPays | Common Area Maintenance,Taxes - Real Estate,Insurance |
| Business Type | Restaurant/Bar |
| Accessibility | 2+ Access Exits |
| County | SUSSEX |
| New Construction | No |
| Property Type | Commercial Sale |
| Possible Use | Restaurant,Bar/Tavern/Lounge |
| Water Access Y/N | No |
| Property Use | Owner User |
| Status | ACTIVE |
| Directions | From Ocean City,MD on Coastal Highway North into Fenwick Island,DE,restaurant is on the right. |
| ModificationTimestamp | 2024-04-02T14:09:02 |
| City | FENWICK ISLAND |
| Buyer Agent Compensation | 2.5 |
| MLS Area | Baltimore Hundred (31001) |
| Waterfront Y/N | No |
| Street Name | COASTAL |
| Tax Annual Amount | 1392.0 |
| Price Per Sq Ft | 125.0 |
| Acceptable Financing | Cash,Conventional |
| Vacation Rental Y/N | No |
| Days on Market | 149 |
| Sussex DE Quadrants | East of Rt 1 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 17 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | HIGHWAY |
| Central Air Y/N | Yes |
| Total Restrooms | 2 |
Exterior Features
| Water Source | Public |
|---|---|
| Inclusions | All Equipment,Furniture and the Trolley |
| Total Parking Spaces | 16 |
| Type of Parking | Parking Lot |
| Land Use Code | 999 |
| Water View Y/N | No |
| Building Area Total | 2000.00 |
| Lot Dimensions | 50.00 x 106.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 16 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19944
Price
Taxes
Visits
Year Built
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