Miller Commercial Real Estate & Property Management, Inc/SVN.
Monday, September 22, 2008 4:21:41 PM
UNIQUE MARKETPLACE. Laurel , DE
EXECUTIVE SUMMARY LOCATION PHOTOS ADDITIONAL INFORMATION CONTACT ADVISOR
$8,900,000
Price Per GLA $128.61
Land Acres 20.94
GLA 69,201
Building S.F. 69,201
Percent Occupied 90.00 %
Cross Street US Route 13
Tax Parcel Number 12.00, 105.00
Market Eastern Maryland/Delaware
Sub Market Laurel, Delaware
No. of Parking Spaces 120
Year Built 1978
No. of Buildings 2
No. of Pads 2
Available Pads 2
No. Stories 2
Year Renovated 2005
No.Tenants 62
Building Class B
Location Class B
Zoning Type C-1 Gen. Commercial
HVAC Gas Heat
Street Frontage Rt. 13 & Rt. 9
Mixed Use Yes
Corner Yes
County Seat Highway Laurel, DE 19956
Property Description
Located on a lighted heavily traveled intersection of U.S. Routes 13 & 9 in Laurel, Delaware. Roughly 853+/-feet of frontage on Rt. 13 and 1, 1,166 front feet on Rt. 9, and offers excellent visibility and access from both Rt. 13 and Rt. 9. The site's location, coupled with its size and zoning, lends itself to the development of a large scale general commercial facility. This transaction includes real estate and five different businesses. Buyers will need to be qualified to review further documentation.
Location Description
Located in Sussex County. Centrally located 30 miles west of the Beaches, 20 miles north of Salisbury, 30 miles south of the Delaware Slots.
Rick Tilghman, CCIM
Advisor
Sperry Van Ness / Miller Commercial Real Estate
206 E. Main Street
Salisbury, MD 21801
(410) 543-2440
rick.tilghman@svn.com
Brent C. Miller, CCIM, CPM
Managing Director / Senior Advisor
Sperry Van Ness / Miller Commercial Real Estate
206 E. Main Street
Salisbury, MD 21801
(410) 543-2440
GO HERE to see the actual ad for this property being FOR SALE!
Now, that being said, ANY of my properties are FOR SALE as well. If someone wants to come along and offer me $8,900,000.00 for 300 W. Main Street, I'd sell it in a New York Second! This does NOT mean that this facility has been sold. The Owner clearly states that this is NOT the case. My guess would be he's friends with the listing Agents and IF they could sell it for this kind of money. GO FOR IT! In the mean time, they're not going anywhere and everyone can continue to enjoy business as usual at this location. To those Vendors spreading the rumor that is has been sold, YOU'RE WRONG.
8 comments:
Its been on the market for quite some time now.....
Calling this class B space is generous. This seems more like Warehouse to me.
First order of business for the new owner should be to paint that ugly ass yellow roof.
It's called goin fishin!
considering that the town wants no part of getting this property hooked up to central sewer it will never sell, the current sewer on site will not hold any other type of business and will never be hooked up to town services. well i say never but what i mean is cheap as bill and his son will never spend the money to get it hooked up at their cost and the city will never do it at their cost either. there was a sire plan and survey work done in 2006 to have a McDonald's put on the pad site north of the building and they backed out die to the lack of services, ie sewer...
What a cheap A$$ , you got to spend money to make it BILL..
remember if you are hooked to city services then you become part of the city and city taxes and other rules....and FEES!!!!
The Town is actually going to extend water and sewer to the corner of 13 and 9 because of the Royal Farms expansion...hint, hint, Mr. Bill's...get on board and then ask for $10 million!!!
WOW!
would any of those "vendors" be from sysco. they're reps are notorious for spreading gossip, whether or not it is accurate or true.
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