18289 Coastal Hwy

18289 Coastal Hwy, Lewes, DE 19958

  • For Sale $2,800,000
  • 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 Oct 1, 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. Comprising two buildings, wigh a total of four units for maximum return! 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, with an unfinished 2nd floor, walk-up unit ready for fit-out for the next prospective tenant. The second building features a long-standing salon on the ground floor, ensuring stable rental income, and a long-term tenant in the second floor walk-up office space. 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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Attachments

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)

Contacts

broker

Tyler Anaya

SVN | Miller Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    51/100 Somewhat Walkable
  • Bike Score ®

    55/100 Bikeable
Powered by Walk Score ®
  • City Lewes, DE
  • Neighborhood Hawkseye
  • Zip Code 19958

Frequently Asked Questions

How much does 18289 Coastal Hwy cost?

The space currently listed for sale at 18289 Coastal Hwy asks for $2,800,000.

What is the total square footage of 18289 Coastal Hwy?

18289 Coastal Hwy totals 8,562 square feet.

When was this property built?

18289 Coastal Hwy was built in 2007.

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Contact Listing Broker

broker

Tyler Anaya

SVN | Miller Commercial Real Estate