18289 COASTAL HIGHWAY
18289 COASTAL HIGHWAY
LEWES, DE 19958
MLS Number: DESU2066430
$2,925,000
SqFt: 9,012
SqFt: 9,012
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.**
General Details
- Living Area: 9,012
- Lot Area: 39,204
- Property Type: Retail
- County: SUSSEX
- Year Built: 2007
- Sewer: Public Sewer
Community Information
- Zoning: C1
Exterior Features
- Garage(s): N
- Waterfront: N
- Waterview: N
Interior Features
- Heating: Forced Air
- Cooling: Y
- Water: Public
Lot Information
- SqFt: 39,204
School Information
- School District: CAPE HENLOPEN
- Middle School: BEACON
- High School: CAPE HENLOPEN
Other Info
- Listing Courtesy Of: SVN/Miller Commercial Real Estate