18289 Coastal Hwy

For Sale

18289 Coastal Hwy, Lewes, DE 19958

This Lewes property for sale is located at 18289 Coastal Hwy. The current listed sale price for 18289 Coastal Hwy is $2,925,000. 18289 Coastal Hwy is situated on a lot that is 0.9 acre in size.

Contacts

broker

Tyler Anaya

SVN | Miller Commercial Real Estate

Property Details

  • Property Type Retail - Street Retail
  • Property Size 8,562 SF
  • Units 4
  • Lot Size 0.9 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 2007
  • Date Updated Aug 6, 2024
Property located just east of Kings Hwy. on Coastal Hwy / Route 1, EB. Address: 18289 Coastal Hwy. *7 minute drive to Lewes Public Beach *12 minute drive to Rehoboth Beach BoardwalkExciting 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. 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 floor presents 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, plus an established contractor on the upper floor with a long-term lease in place. 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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Highlights

  • *Subject site: 0.90+/- acres
  • *Total square footage: 8,562 sq. ft.
  • *Total units: 4
  • *Current Occupancy: 75%
  • *C-1 Zoning District / Sussex County (General Commercial)

Attachments

Getting around

  • 51/100

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  • 55/100

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Location

  • City Lewes, DE
  • Neighborhood Hawkseye
  • Zip Code 19958

In-Depth Research Available for this Property

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Contact Listing Broker

broker

Tyler Anaya

SVN | Miller Commercial Real Estate