18289 Coastal Hwy,
Lewes, De 19958
$2,925,000

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.**


Essentials

MLS Number
Desu2057444
List Price
$2,925,000
Standard Status
Active
Year Built
2007
New Construction
N
Property Type
Commercial Sale
Waterfront
N

Interior

Heating
Forced Air
Heating Fuel
Propane - Leased
Cooling
Central A/c
Hot Water
Electric
Flooring
Carpet, vinyl

Exterior

Construction Materials
Vinyl Siding
Roof
Architectural Shingle
Type of Parking
Parking Lot

Location

Address
18289 Coastal Hwy, Lewes, De
Subdivision Name
None Available
Acres
0.90
Lot Size Dimensions
150.00 X 262.00
MLS Area
Lewes Rehoboth Hundred (31009)


Interior Features

    Appliances

      Additional Information

      Parking Features
      Handicap Parking, lighted Parking, paved Parking
      Sewer Septic
      Public Sewer
      Tax Annual Amount
      $5,117
      Water Source
      Public


      Listing courtesy of Bryan Realty Group.