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This exceptional industrial property offers a rare investment opportunity, featuring a long-standing and reputable tenant, strategically located in the highly sought-after Selbyville, Delaware, market. The property consists of over 39,500 square feet of warehouse, office, and show room space spread across 3 Acres, making it ideal for investors seeking stable cash flow and growth potential. Since 1969, this property has been the home of Cabinetry Unlimited, a well-established business servicing the entire Delmarva Peninsula. Cabinetry Unlimited has successfully operated their business for decades, showcasing the stability of the tenant and their commitment to the property for the foreseeable future. The industrial site includes three buildings, each equipped with essential features such as loading docks, drive-in doors, and ample manufacturing space. With its combination of a prime location, quality tenant, and versatile industrial features, this property presents an outstanding opportunity for investors seeking a secure, income producing asset. 5/1/2025 NOI $180,000 with quarterly percentage rent bonuses. Initial term through April 2028 with multiple options to extend.
| DAYS ON MARKET | 249 | LAST UPDATED | 5/19/2025 |
|---|---|---|---|
| YEAR BUILT | 1970 | COMMUNITY | Baltimore Hundred (31001) |
| COUNTY | SUSSEX | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | INDIAN RIVER |
|---|
| PRICE HISTORY | |
| Prior to May 19, '25 | $2,350,000 |
|---|---|
| May 19, '25 - Today | $2,290,000 |
| ADDITIONAL DETAILS | |
| AIR | Other |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Baltimore Hundred (31001) |
| CONSTRUCTION | Other |
| HEAT | Other |
| LOT | 1.13 acre(s) |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Parking Lot |
| SEWER | Other |
| TAXES | 3407 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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