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18289 Coastal Highway

LEWES, DE 19958
  • $2,990,000
  • STATUS: Active
  • ON SITE: 49 Days
  • ID#: DESU2057444
UPDATED: 77 min ago
$2,990,000
  • 0
    BEDS
  • 0.9
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2007
County:

School Information

High School:
School District:

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.**

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows and Associates | Ocean Atlantic Sotheby's International Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-23T18:56:48.513.
www.barrowsandassociates.com/homes/148269944
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18289 Coastal Highway LEWES, DE 19958

  • Price: $2,990,000
  • Status: Active
  • On Site: 49 Days
  • Updated: 77 min ago
  • ID#: DESU2057444
0
Beds
0
Baths
0
½ Baths
0.9
Acres
2007
Built
Neighborhood:
None Available
County:
Sussex
Area:
Lewes Rehoboth Hundred (31009)
High School:
Cape Henlopen
School District:
Cape Henlopen
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.**
Exterior Features

Construction Materials Vinyl Siding Garage YN No Location Type Highway Parking Features Handicap ParkingLighted ParkingPaved Parking Parking Types Parking Lot Property Condition Very Good Road Responsibility State Roof Architectural Shingle Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling Central A/C Exclusions Crab weathervanebrick wall with plaquehandwashing sink in restaurant hall areabar top in main restaurant and bar in deck seating area Flooring CarpetVinyl Heating Forced Air Heating YN Yes Inclusions Real Estate Only - Equipment and Businesses are NOT part of sale. Net Square Feet 9012.00

Property Features

Acceptable Financing CashNegotiable Accessibility Features None Central Air YN Yes Cooling Fuel Electric Cross Street Kings Hwy & Route 1Coastal Hwy Elevators 0 Entry Level 1 Heating Fuel Propane - Leased Hot Water Electric Insurance Expense 5000.00 Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 4 Operating Expense 15000.00 Operating Expense Includes SewerInsuranceOther Original MLSNumber 802903508834 Ownership Interest Fee Simple Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 5117.00 Utilities Cable TVPropanePhone Vacation Rental YN No Water Source Public Zoning C-1

Listing courtesy of Bryan Realty Group: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows and Associates | Ocean Atlantic Sotheby's International Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-23T18:56:48.513.
 
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Barrows and Associates | Ocean Atlantic Sotheby's International Realty
18949 Coastal Highway Suite 304
Rehoboth Beach DE, 19971