1 Shellcrest Ln, Wilmington, DE 19803

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List Price
$899,900
Status
ACTIVE
MLS#
DENC2112376
Lot Size (Acres)
3.3
Year Built
1957
County
New Castle
School District
Brandywine

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.

Additional Information

Area
Brandywine (30901)
School District
Brandywine
Heating
Other
Cooling
Other
Water
Public
Sewer
Public Sewer

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Listing courtesy of Long & Foster Real Estate, Inc.. Contact: