18289 COASTAL HIGHWAY, Lewes, DE 19958 – DESU2066430

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$2,700,000

Est. payment - /mo

9,012 SqFt

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UPDATED:

10/18/2024 12:48 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 9,012 sqft

Price per Sqft $299

MLS Listing ID DESU2066430

Originating Board BRIGHT

Year Built 2007

Lot Size 0.900 Acres

Acres 0.9

Property Description

Exciting Investment Opportunity in Lewes, Delaware's Premier Tourist Hub! Located along the bustling Coastal Highway, this prime property offers an exceptional investment prospect in the heart of Lewes, Delaware's most popular tourist area. Comprising two buildings, each with established ground-floor tenants, this offering provides an enticing opportunity for additional rental income from their vacant second floors. The first building boasts a thriving restaurant, already a beloved destination for locals and tourists alike, complete with hardwood flooring, updated bathrooms and fixtures, and an expansive covered porch eating area connecting the spacious kitchen with guest dining areas. Furthermore, its upper floors present an untapped resource: customizable office and storage spaces, poised to generate even greater revenue. The second building features a long-standing salon on the ground floor, ensuring stable rental income. Upstairs, an inviting blank canvas awaits, with potential for conversion into either a lucrative residential rental or versatile office space. Complete with an eat-in kitchen, full bath, two spacious rooms adaptable as bedrooms or private offices, and a breathtaking panoramic view of the surrounding area, this space is primed for success. Plus, its private rear entrance adds a touch of exclusivity and convenience. Don't miss out on this unparalleled opportunity to invest in Lewes, Delaware's dynamic tourist landscape. Act today to seize this chance to diversify your portfolio and unlock the full potential of this remarkable property! **Please DO NOT visit property without scheduling an appointment with licensed agent.**

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning C1

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Other

Exterior

Garage Spaces 20.0

Water Access N

Accessibility 36\"+ wide Halls

Total Parking Spaces 20

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Middle Schools Beacon

High Schools Cape Henlopen

School District Cape Henlopen

Others

Tax ID 334-06.00-72.00

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, Negotiable, Seller Financing

Listing Terms Cash, Conventional, Negotiable, Seller Financing

Financing Cash,Conventional,Negotiable,Seller Financing

Special Listing Condition Standard

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Listed by Tyler Anaya • SVN |Miller Commercial Real Estate

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262