18289 Coastal Highway Lewes, DE $ 2,925,000
18289 Coastal Highway
$ 2,925,000
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18289 Coastal Highway

Lewes, DE, 19958
$ 2,925,000
Baths0.0 Sq 9,012

Monthly Estimate*

$ 17,518

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Studio

Commercial Property for sale in Lewes, DE

for $2,925,000. This 9,012 square foot building was built in 2007 on a lot size of 0.9.

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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Commercial Active

Price

$ 2,925,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Hair Salon and Spa,Restaurant/Bar,/General Retail

Lot Size

0.9

Year Built

2007

Town/City

Lewes

County/Region

Sussex

MLS | Web ID

DESU2066430

Features
Interior
Heating Fuel Other
Hot Water Electric
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement Subject to Existing Lease
Zoning C1
Construction Materials Vinyl Siding
Exclusions Crab weathervane brick wall with plaque handwashing sink in restaurant hall area bar top in main restaurant and bar in deck seating area are to be excluded.
Year Built 2007
Property SubType Retail
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Hair Salon and Spa Restaurant/Bar Other/General Retail
Accessibility 36 + wide Halls
County SUSSEX
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Located on Rt 1 / Coastal Hwy just south of Kings Hwy
City LEWES
NumberOfUnitsTotal 4
MLS Area Lewes Rehoboth Hundred (31009)
Lot Size Units Square Feet
Lot Size Square Feet 39204.00
Waterfront Y/N N
Property Condition Very Good
Price Per Sq Ft Total AG 324.57
Acceptable Financing Cash Conventional Negotiable Seller Financing
Lease Considered Y/N N
Vacation Rental Y/N N
Days on Market 54
Sussex DE Quadrants East of Rt 1
Standard Status Active
Year Built Source Estimated
Legal Subdivision LEWES-REHOBOTH
Association Recreation Fee N
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Exterior
Water Source Public
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 9012.00
Lot Size Acres 0.90
Lot Size Source Estimated
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 18289
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* Excluded Features
List By
Svn/Miller Commercial Real Estate

Broker

tyler.anaya@svn.com

Email

Affordability Calculator

$17,518
Per Month
100%
0%
0%
Monthly Principal & Interest
$17,518
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/16/2024$2,925,000 Listed Price

Map


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18289 Coastal Highway, Lewes, DE, 19958 is a Commercial Property for sale at $2,925,000 with 9,012 sqft and a lot size of 0.9. 18289 Coastal Highway is a studio with 0.0 baths and was built in 2007. The property's zip code is 19958 which is in Lewes, DE