18289 COASTAL HIGHWAY Active Save Request In-Person Tour Request Virtual Tour
Lewes,DE 19958
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