LEWES Real Estate Property For Sale
18282 COASTAL
LEWES , Delaware
0 Bedrooms
0 Full Bathrooms
Half Baths:
0
Retail
Price:
$2,400,000.00
REDEVELOPMENT OR HOSPITALITY EXPANSION OPPORTUNITY! The Driftwood Motel is situated on the busy Route 1 corridor in Lewes, DE. The motel features 9 rooms that are rented on a weekly basis and remain consistently full. Gross rental income for 2021 was in excess of $211,000. The owner is currently limiting rentals to only full weeks. Additional income is likely available to an operator offering shorter term stays. The property is two parcels for a combined 1.45 acres boasting the coveted C1 commercial zoning. The motel is on public utilities. There is a residence towards the rear of the property that has been well maintained. There is currently no income on the home as the operator spends weekends there. This property is a great value add opportunity for a hotel/motel operator or as a redevelopment play along one of the busiest corridors in the state of Delaware. Showings available by appointment only with qualified buyer.
MLS #:
DESU2013510
Price:
$2,400,000.00
Waterfront:
Waterview:
Address:
COASTAL
Building Name:
Dwelling Type:
Retail
Year Built:
1980
Lot Dimensions:
Acreage:
1.45
Dwelling Sq Ft:
6900.00
Dock:
Garage:
Parking Lot
Flooring:
Heating: Baseboard - Electric
Cooling: Central A/C
County Taxes: $145
City Taxes: $0
Water Fee: $0
Sewer Fee: $0
Association Fee: $0
Condo Fee: $0
Trash Fee: $0
Ground Rent: $0
Heating: Baseboard - Electric
Cooling: Central A/C
County Taxes: $145
City Taxes: $0
Water Fee: $0
Sewer Fee: $0
Association Fee: $0
Condo Fee: $0
Trash Fee: $0
Ground Rent: $0
Listing Broker: SVN/Miller Commercial Real Estate
Listing Status:
Active Under Contract
