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Listed by Jordan Oncay • Long & Foster Real Estate, Inc.
$ 899,900
Est. payment /mo
New
1 SHELLCREST LANE Wilmington, DE 19803
3.3 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID DENC2112376
Year Built 1957
Annual Tax Amount $5,177
Tax Year 2025
Lot Size 3.300 Acres
Acres 3.3
Property Sub-Type Other
Source BRIGHT
Property Description
Shellcrest Swim Club — Investment Opportunity
Established Community Swim Club | Value-Add Investment | Projected 8% Annual Return
Established in 1957, Shellcrest Swim Club presents a unique opportunity for an investor or investment group to partner with an established community-based recreational business and participate in its next chapter of growth.
Situated on approximately 3.3 acres and zoned NC6.5, the property combines an established recreational operation with a substantial underlying real estate asset.
Rather than simply acquiring real estate, this opportunity is designed around the preservation, renovation and continued operation of a longstanding neighborhood institution. A current business plan has been developed to support strategic capital improvements, enhance the member experience, strengthen operations and create additional opportunities for future growth.
The proposed investment structure provides an opportunity for investors to participate in the club's future while supporting a valuable community asset. Based on the current business plan, the investment is projected to generate an annual return of approximately 8%, subject to the final investment structure, operating performance and investor due diligence.
Established Community Swim Club | Value-Add Investment | Projected 8% Annual Return
Established in 1957, Shellcrest Swim Club presents a unique opportunity for an investor or investment group to partner with an established community-based recreational business and participate in its next chapter of growth.
Situated on approximately 3.3 acres and zoned NC6.5, the property combines an established recreational operation with a substantial underlying real estate asset.
Rather than simply acquiring real estate, this opportunity is designed around the preservation, renovation and continued operation of a longstanding neighborhood institution. A current business plan has been developed to support strategic capital improvements, enhance the member experience, strengthen operations and create additional opportunities for future growth.
The proposed investment structure provides an opportunity for investors to participate in the club's future while supporting a valuable community asset. Based on the current business plan, the investment is projected to generate an annual return of approximately 8%, subject to the final investment structure, operating performance and investor due diligence.
Location
State DE
County New Castle
Area Brandywine (30901)
Zoning NC6.5
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 70.0
Water Access N
Accessibility None
Total Parking Spaces 70
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Brandywine
Others
Tax ID 06-092.00-081
Ownership Fee Simple
Acceptable Financing Negotiable
Listing Terms Negotiable
Financing Negotiable
Special Listing Condition Standard
Nearby School & Business