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Listed by Keith Walpole • R&R Commercial Realty
$ 3,500
4.24 Acres Lot
$ 3,500
4.24 Acres Lot
Key Details
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Active
Purchase Type For Rent
MLS Listing ID DESU2102184
Lot Size 4.240 Acres
Acres 4.24
Lot Dimensions 0.00 x 0.00
Property Sub-Type Land for Commercial Use
Source BRIGHT
Property Description
Land Lease or Build-to-Suit Opportunity – 35308 Atlantic Avenue, Millville, DE (Shaka Shack Restaurant Property). A 2± acre area located near the Delaware Beaches presents an excellent land lease or build-to-suit opportunity for a wide range of tourist-oriented or commercial uses. The land could support outdoor seating, a park-like setting, an open-air pavilion for dining and entertainment, camping or trailer parking, storage, or other recreational or hospitality uses—ideal for capitalizing on the region's strong seasonal and visitor traffic (Town of Millville Planning & Zoning approval, required for updated use of land) In addition to the land lease, the existing restaurant building fronting Atlantic Avenue (Route 26) is available for lease & purchase. The fully equipped, turn-key restaurant is offered at $20.00 per square foot NNN for approximately 2,586± square feet, equating to $4,310 per month plus CAM. The business and brand (Shaka Shack) are also available for purchase, including all FFE, brand assets, and liquor license transfer. The business asking price is $300,000, and the owner is open to financing the business purchase in conjunction with the lease. Located in a prime coastal corridor directly across from a popular mini golf and family attraction, the property benefits from high visibility and steady beach traffic—just 3.7 miles to Bethany Beach, 8.8 miles to Fenwick Island, and 22.4 miles to Ocean City, MD. The owner will also consider granting a first right of refusal on the property to the restaurant tenant.
Location
State DE
County Sussex
Area Baltimore Hundred (31001)
Zoning AR-1
Interior
Hot Water None
Heating Hot Water
Cooling None
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Hook/Up Avail
Water Public Hook-up Available
New Construction N
Schools
School District Indian River
Others
Tax ID 134-12.00-353.00
Ownership Other
rakan.a@firststatehometeam.com
1521 Concord Pike, Suite 102, Wilmington, DE, 19803, United States