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Beach Real Estate Sales Delaware -  Rehoboth Beach, Lewes, Bethany Beach, Fenwick Island, Lewes Beach and Dewey Beach All Resort Beach Areas of Delaware

Delaware Resort Beach Real Estate Sales

The Fowler Group at KW Realty is built on the principles of providing our clients the highest quality real estate services with 100% customer satisfaction. Our group of Delaware Beach Realtors® lists and sells all types of property in Sussex & Kent Counties Delaware. We help with buying/selling Estates, Bed & Breakfasts, Residential Developments, Commercial Property, Waterfront Beach Homes, Farm, Equestrian, Second Homes, Retirement Communities, Short Sale, Foreclosure & Investment Properties... read more


Lewes Commercial Industrial
Market Lewes Sussex DE MLS DESU159092

PROPERTY DETAILS:

Have you been looking to own a once in a lifetime property in the heart of downtown, Historic Lewes? This rare, turnkey investment property is sure to amaze you and your financial advisor! The first-floor features a fully functioning restaurant & bar space with seating for 50+, which is currently leased for the next five years at $48,000 per year. The second-floor features two beautifully remodeled vacation rental apartments which produced more than $48,600 in rental income in 2019. Between the restaurant/bar and the two apartments, this property is projected to produce approximately $100,000 in annual income! Nestled in the middle of Historic Lewes' shopping and restaurant district, this property is a stone~s throw from the Lewes & Rehoboth Canal and just a short walk or bike ride to Lewes Beach. This 1850's built property is also situated only one block away from The Lewes Canalfront Park & Marina. If you are tired of the volatility of the stock market, looking to diversify your investment portfolio, or you want to have a place of your own in Historic Lewes, then you owe it to yourself to visit this historic 1850's gem!

Year Built: 1850
Building(sqft): 2304
Lot Size: 37.00 x 51.00Rent Income: $100,000
County Tax: $65
Land Options
Fee Simple
Roofing
Metal
Exterior type
Glass
Wood Siding
Batts Insulation
Concrete
CPVC/PVC
Tile
Flooring
Hardwood
Tile/Brick
Cooling
Central A/C
Heating
Electric
Road Access
Paved
Road Surface
Paved
Water
Public
Sewer
Public Sewer
Utilities on Site
Cable TV Available
Phone Available
Sewer Available
Water Available

Listing Firm