Serendipity Restaurant | 32580 River Rd
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Serendipity Restaurant 32580 River Rd
3,800 SF Retail Building Millsboro, DE 19966 £360,240 (£95/SF)
Investment Highlights
- Waterfront,
- Boat docks
- Natural Light
Executive Summary
RARE WATERFRONT OPPORTUNITY WITH SPECTACULAR VIEWS of the INDIAN RIVER BAY!! SERENDIPITY RESTAURANT an established Family Owned Restaurant in Historic Oak Orchard. Owner is Retiring after 20+ years. Do Not Miss this Unique Opportunity! Featuring a Clean, Well-Maintained Facility, this is a True Turnkey Business. New Kitchen Equipment in 2021. 3800 Sq. Ft. 142 Interior Seating Permitted and 32 +/-Seating Outdoors. Full Liquor License for Indoor and Outdoor seating. Three Parking Lots and off Street Handicapped Parking. Restaurant is Located in High Growth Area. Multiple Communities are in the Process of being Planned and Developed.Prod Possibilities, Great for a Starter Business or for an Established Brand to add a Waterfront Location to Their Portfolio.Sale Includes Equipment and Fixtures. Decor Items not Included but, may be available for Purchase Separately. Building Lease will be Negotiated with Building Owner. Liquor License will Transfer. Listing Agent must accompany Showings. A Confidentiality and Non-Disclosure Agreement will be Provided before Showing.Second Floor is a full Apartment which can be Rented Separately, currently used for Office and Storage. Seller Will Not Agree to Owner Financing.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,800 SF
Building Class
C
Year Built
1910
Price
£360,240
Price Per SF
£95
Tenancy
Single
Number of Floors
1
Building FAR
0.36
Lot Size
0.24 AC
Zoning
C-1 - zoning allows for small-scale commercial establishments like convenience stores, cafes, and small offices, serving the immediate neighborhood
Frontage
129 ft on River Road
PROPERTY TAXES
| Parcel Number | 234-34.12-67.00 | Improvements Assessment | £22,677 |
| Land Assessment | £3,486 | Total Assessment | £26,162 |
PROPERTY TAXES
Parcel Number
234-34.12-67.00
Land Assessment
£3,486
Improvements Assessment
£22,677
Total Assessment
£26,162
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Presented by
Mann & Sons, Inc Realtors
Serendipity Restaurant | 32580 River Rd
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