38967 Willow Ln, Fenwick Island, DE 19944
- $1,149,000
- List Price
- $1,149,000
- Price Change
- ▼ $40,000 1782156802
- Days on Market
- 120
- Status
- ACTIVE
- MLS#
- DESU2107644
- Lot Size (Acres)
- 0.11
- Year Built
- 1990
- County
- Sussex
- School District
- Indian River
Property Description
Prime mixed-use opportunity located along the highly trafficked Route 54 corridor, just one mile from both Fenwick Island and Ocean City beaches. Zoned C-1 with residential use permitted, this property offers exceptional visibility, strong signage exposure, and outstanding flexibility for a variety of commercial or live/work uses. The layout is ideal for maximizing both functionality and income potential. A private side entrance leads to a dedicated office space—perfect for a professional business—while a separate second-floor entrance provides access to a potential apartment, ideal for rental income or guest accommodations. The first floor features a spacious family room, primary suite with en suite bath, full kitchen, and a bright sunroom, creating a comfortable residential setting or an inviting space for a boutique business or bed and breakfast. According to AirDNA, the property has an estimated short-term rental income potential of approximately $91,700 annually, making it an attractive option for investors seeking strong cash flow near the beach. Ideal for a wide range of uses including medical or professional office, real estate brokerage, salon, boutique retail, or short-term rental. With flexible zoning, multiple access points, and a premier coastal location, this is a rare opportunity to capitalize on both residential and commercial potential just minutes from the area’s most popular beach destinations.
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Additional Information
- Area
- Baltimore Hundred (31001)
- Subdivision
- None Available
- Taxes
- $1324
- Stories
- 2
- School District
- Indian River
- Flooring
- Carpet, Ceramic Tile, Hardwood
- Heating
- Forced Air
- Heating Fuel
- Propane - Owned
- Cooling
- Ceiling Fan(s), Central A/C
- Roof
- Shingle
- Utilities
- Cable TV, Propane
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Iron Valley Real Estate Premier. Contact: 3027414545