Delaware Beach Real Estate Information: (302) 236-7648


LEWES Real Estate Property For Sale

18282 COASTAL HIGHWAY, 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.


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MLS #: DESU2013510
Price: $2,400,000.00
Waterfront: Waterview:
Address: COASTAL HIGHWAY
Building Name:
Dwelling Type: Retail
Year Built: 1980
Waterview:
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

Listing Broker: SVN/Miller Commercial Real Estate
Broker Lead Email: christina.rice@svn.com
Broker Lead Phone Number: 410-543-2440
Listing Agent: John McClellan
Listing Status: Active Under Contract

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HOA Condo Ammenities:


Map locations are approximate. Please contact our sales agent for additional location information.

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COASTAL HIGHWAY

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Mike Kogler Team
Rehoboth Beach Real Estate

Long & Foster Real Estate, 37156 Rehoboth Ave. Rehoboth Beach DE 19971
(302) 236-7648