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18289 Coastal Highway

LEWES, DE 19958
  • $2,700,000
  • STATUS: Active
  • ON SITE: 144 Days
  • ID#: DESU2066430
UPDATED: 71 min ago
$2,700,000
  • 0
    BEDS
  • 0.9
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2007
County:

School Information

Middle School:
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 ExecuHome 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: 2024-12-08T11:50:53.09.
www.execuhome.com/homes/152653134
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18289 Coastal Highway LEWES, DE 19958

  • Price: $2,700,000
  • Status: Active
  • On Site: 144 Days
  • Updated: 71 min ago
  • ID#: DESU2066430
0
Beds
0
Baths
0
½ Baths
0.9
Acres
2007
Built
Neighborhood:
Lewes Rehoboth Hundred (31009)
County:
Sussex
Area:
Lewes Rehoboth Hundred (31009)
Middle School:
Beacon
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 Parking Types Parking Lot Property Condition Very Good Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 9012.00 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 are to be excluded. Heating Forced Air Heating YN Yes Net Square Feet 9012.00

Property Features

Acceptable Financing CashConventionalNegotiableSeller Financing Accessibility Features 36"+ wide Halls Central Air YN Yes Cooling Fuel Electric Heating Fuel Other Hot Water Electric Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 803220758140 Ownership Interest Fee Simple Property Sub Type Retail Sale Type Standard Sewer Public Sewer Vacation Rental YN No Water Source Public Zoning C1

Listing courtesy of SVN/Miller Commercial Real Estate: .


©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 ExecuHome 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: 2024-12-08T11:50:53.09.
 
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