18289 COASTAL HWY Lewes, DE 19958 -- MLS# DESU2057444 Real Estate

Start of property details

Share this property:
Gallery
Share
Payments
18289 COASTAL HWY
Lewes, DE 19958
FOR
SALE
$2,925,000
For Sale
0.90
Acres
2007
Yr. Built
MLS# DESU2057444
Cumulative Days on Market: 83 (since March 5th, 2024) Data provided by the MLS.

Property Details

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. * *

Ask a Local Expert

Property Highlights

Status
For Sale
Price
$ 2,925,000
Property Type
Commercial Sale
Acres
0.90
Year Built
2007

Location

Subdivision
None Available
County
SUSSEX
Water View
No
Water Front
No

Heating, Cooling & Utilities

Heating
Forced Air
Cooling
Central A/C
Heating Fuel
Propane - Leased
Navigable Water
No
Sewer/Septic
Public Sewer

Features

Location Type
Highway
Handicap
None

Building Details

Parking
Handicap Parking, Lighted Parking, Paved Parking
New Construction
No
Exterior Construction
Vinyl Siding
Exposure
Architectural Shingle

Taxes & Terms

Ownership Interest
Fee Simple
Taxes
$5,117
Ownership Interest
Fee Simple
Potential Short Sale
Standard
Listed by Bryan Realty Group.
Listing Data last updated 05/27/2024 03:53 AM
Get a Link to this Property: Copy To Clipboard
QR Code link to this property

Phone:
Connect with:

Payment Calculator

per month. Fixed. % interest.
per month
Total interest paid over s will be:
Principal & Interest
Home Insurance
Property Tax
HOA Fees
All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 27-May-2024 and are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by open source mortgage calculation software tools using common mathematical formulas. Copyright © 2024 Buying Buddy. All calculations should be independantly verified.
Get Walk Score Content

Property History

Today
Property information last updated
24 days ago
Date of last price change
83 days ago
Status Active. This is the date the listing was placed on market.
NOTE: Cumulative Days on Market: 83. Data provided by the MLS.

Similar Properties

All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information on this site was last updated 05/27/2024 03:53 AM. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of BRIGHT MLS. Real estate listings held by brokerage firms other than Bay Coast Realty, may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Listing Data last updated: 05/27/2024 03:53 AM
Equal Housing Opportunity
Service by Buying Buddy® IDX CRM
Copyright © 2003 - 2024 Buying Buddy. All rights reserved.
{"property_id":"md257_DESU2057444","above_ground_sqft":null,"allow_address":null,"amenities":null,"appliances":null,"approval_cond":"Standard","architecture":"Vinyl Siding","avg_utilities":null,"basement":null,"basement_sqft":null,"basement_type":null,"baths_half":null,"baths_threequarters":null,"building_num":null,"basement_finished":null,"builder":null,"car_storage":"Handicap Parking,Lighted Parking,Paved Parking","construction":"N","cooling":"Central A\/C","county":"SUSSEX","covenants":null,"date_measured":null,"depth":null,"design_features":null,"descriptions":"Standard","dining_room":null,"dining_room_loc":null,"directions":null,"electricity":null,"elementary_school":null,"email":"brghomeswithty@gmail.com","faces":null,"facilities":"Highway","farm_features":null,"farm_operation":null,"features":"None","families":null,"family_room":null,"family_room_loc":null,"fee1":null,"financing":null,"fireplace":null,"fireplace_loc":null,"fireplace_num":null,"flooring":null,"game_room":null,"game_room_loc":null,"gas":"Propane - Leased","green_hers_score":null,"green_leed_certified":null,"green_ngbs_certified":null,"green_star_certified":null,"heat":"Forced Air","hoa":null,"hoa_fee":null,"hoa_fee_freq":null,"horses":null,"horse_facility":null,"horse_features":null,"inclusions":null,"kitchen":null,"kitchen_loc":null,"lake_acres":null,"lake_depth":null,"laundry":null,"laundry_loc":null,"listor":"Tyler Anaya","living_room":null,"living_room_loc":null,"lot_size":null,"lot_size_text":null,"maintained_by":null,"master_br":null,"master_br_loc":null,"media_room":null,"media_room_loc":null,"middle_school":null,"min_lease":null,"model":null,"notes":null,"office":null,"office_loc":null,"older_housing":null,"outdoor_features":null,"ownership_type":"Fee Simple","parking_covered":null,"permit":null,"pets":null,"ph_listor":null,"ph_office":"3027344414","pool":null,"pool_features":null,"property_name":null,"public_remarks":"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.**","roofing":"Architectural Shingle","school_district":null,"seller_office_id":null,"seller_type":"802903508834","senior_community":null,"sewer":"Public Sewer","sr_high_school":null,"status":null,"stories":null,"study_den":null,"study_den_loc":null,"style":null,"tap_gas":null,"tap_sewer":null,"tap_water":null,"taxes":"5117.0","terms":null,"tour_url":"https:\/\/www.asteroommls.com\/pviewer?hideleadgen=1&token=Pz3cCB8s6UGBWBq_Z7ebeQ","tour_url2":null,"tour_url3":null,"type":null,"units":null,"unit_floors":null,"utilities":null,"view":"N","water":null,"water_front":"N","water_front_ft":null,"well":"N","year":"2007","zoned":null,"property_uid":"802903508834","listing_status":"active","mls_status":null,"mls_id":"md257","listing_num":"DESU2057444","acreage":null,"acres":"0.90","address":null,"address_direction":null,"address_flg":null,"address_num":"18289","agent_id":"3267384","area":null,"baths_total":null,"bedrooms_total":null,"car_spaces":null,"city":"LEWES","coseller_id":null,"coagent_id":null,"days_on_market":null,"finished_sqft_total":null,"geocode_address":"18289 COASTAL HWY","geocode_status":null,"lat":"38.7422659","lon":"-75.14863528","office_id":"BRYNR1","office_name":"Bryan Realty Group","orig_price":"2990000","photo_count":"55","previous_price":"2990000","price":"2925000","pricerange_min":null,"pricerange_max":null,"prop_img":"http:\/\/bright-media01.prd.brightmls.com\/bright\/images\/0000\/8029\/0490\/9026\/802904909026_1440_1080_WM_Yq1IsyjFLkkV6WDk.jpg","property_type":"Commercial Sale","sqft_total":null,"state":"DE","street_type":null,"street_name":"COASTAL","sub_area":"NONE AVAILABLE","unit":null,"zip_code":"19958","listing_dt":"2024-03-08","undercontract_dt":null,"openhouse_dt":"0000-00-00 00:00:00","price_change_dt":"2024-05-03","seller_id":null,"sold_dt":null,"sold_price":null,"update_dt":"2024-05-26 15:27:28","create_dt":"2024-03-05 02:56:37","marketing_headline_txt":null,"use_marketing_description_txt":null,"marketing_description_txt":null,"showcase_layout":null,"mortgage_calculator":null,"property_history":null,"marketing_account_id":null}
Bay Coast Realty
18977 Munchy Branch Road
Rehoboth Beach, Delaware 19971
Main Office: (302) 227-8146
FAX: (302) 227-1834
Hours: Monday - Saturday 9am-5pm
Sunday - Closed