18276 Coastal Lewes, DE 19958

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Agent Description

Opportunity awaits a savvy investor. This turn-key operation is the first motel site on Rte 1 South between Rts. 9 and 24. Currently operating as a 9 unit efficiency motel with a separate 4 bedroom house and business office , the site is comprised of 1.45 acres of which more than half remains undeveloped. The current operation could be expanded or razed to make way for a larger multi-story motel. Investors with franchise opportunities would be wise to consider this property. In addition to capturing traffic from the north, the site is only blocks south of Kings Hwy, making it ideally located to capture ferry traffic coming from Cape May. Please schedule all appointments with the listing agent. No visiting the site without the owners permission and being accompanied by the listing agent.

• Pricing and Costs

• Price:

  $1,999,999

• County Taxes:

  $1,371

• Ownership:

  Fee Simple

• Property Information

• MLS Number:

  727154

• Total Sqft:

  63,162

• Year Built:

  1960

• Type:

  Commercial Improved

• Subtype:

  Commercial/Industrial

• Listing Details

• Listing Office:

  JACK LINGO LEWES

• Date Listed:

  Feb 02, 2018

• Days on Market:

  69

• Location Information

• Address:

  18276 Coastal

• City:

  Lewes

• State:

  DE

• Zip Code:

  19958

• Interior

• Heating:

  Forced Air

• Cooling:

  Central A/C

• Basement:

  Partially Finished

• Exterior

• Roof:

  Shingle-Asphalt

• Exterior Type:

  Vinyl Siding

• Lot Description:

  Cleared

• Amenities

• School Information

• District:

  Cape Henlopen

This listing appears courtesy of the SCAOR MLS and Jack Lingo Lewes. Data displayed here has not been verified by Ocean Atlantic Sotheby's Intl Realty.