Atlantic Coast Inn 37558 Lighthouse Rd 55 Room Hotel Fenwick Island, DE 19944 $11,710,705 CAD ($212,922 CAD/Room) 2.55% Cap Rate

Note regarding the NOI and CapRate, This Inn has kept a restricted season for the last 6 years, May to September 15, and remaining closed the rest of the year, per the choice of owner/operators. Currently, the area seems to no longer have much of an off season, due to growth in popularity and population.
This sale includes the Business of the Atlantic Coast Inn and the real estate property.
750' From Beachfront, Last parcel in Delaware before Maryland State Line on Coastal Hwy One.
Currently 55 Rooms, 1.46 Acres
C1 - Zoning ByRight - Parcel Specific (No Public Hearing Required)
51' Height Limit: Permitted to include ground-floor parking structure; rooftop mechanicals are not included in the limit, meaning they can be above the limit.
This vintage motel offers substantial potential for growth and redevelopment. Located just outside the town limits of Fenwick Island, DE,
The property bypasses town restrictions and benefits from a more flexible county permitting process and easier parking variance approvals.
Its prime location near beaches and attractions makes it an ideal opportunity for investors or developers to build a larger hotel, retail space, or residential housing.
While currently only operating from May–September by the owners’ choice, the parcel has untapped market demand for year-round operation. This presents a unique opportunity for interested investors to own a prime coastal location with unlimited redevelopment possibilities!