Selbyville DE Real Estate & Commercial for Sale

42 mini storage units, 4200 sq.ft. warehouse under lease and 6400 sq.ft. retail or flex space currently available for lease. City water and sewer but located just outside of town. Mini-storage is gated and secure. 2 existing curbs cuts onto Rt. 113/Dupont Highway. Great exposure, visibility and access. Current income is $53,591. Potential income is $148,357 (11% CAP Rate). Owner does not market the mini-storage and current vacancy is about 40%. The 6600 sq.ft. flex/retail building could be converted to climate controlled mini-storage. Estimated rental rate as is would be $10.50 +/- per sq.ft. If renovated/updated, this rate would be more in the $12 -$14 range depending on the level of finish.

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. In 2021, Cabinetry Unlimited was acquired by DB Home Designs, a subsidiary of CSC Generation, a $1.5 billion privately held furniture and home goods company. This acquisition further solidifies 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.

Explore an exciting commercial opportunity in Selbyville with a spacious, flexible layout. Currently leased, the new buyer has an instant income producing property! If you are looking for owner occupied, this property allows for that option once the initial term ends on the current tenant. Transform the interior into a captivating retail destination or dynamic office space. Utilize large windows for product showcase and draw in passersby. Enjoy ample natural light and convenient on street parking. Parking is also available in the adjacent public parking lot. Seize the chance to make this space stand out among competitors. The new HVAC adds value to the property (installed Nov. 23). Contact us to envision the possibilities and secure this remarkable opportunity today!