18282 COASTAL
LEWES Delaware
0 Bedrooms,
0 Bathrooms
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:
City:
LEWES , Delaware
Area:
Between Rt 1 & 113
Subdivision:
Dwelling Type:
Retail
Year Built:
1980
Bedrooms:
0
Full Baths:
0
Half Baths:
0
Waterfront:
Waterview:
Lot Dimensions:
Acreage:
1.45
Dwelling Sq Ft:
6900.00
Dock:
Garage:
Parking Lot
Flooring:
Heating:
Baseboard - Electric
Cooling:
Central A/C
Courtesy of: SVN/Miller Commercial Real Estate
Listing Status:
Active Under Contract
All available single family, condo, lots and residential property listings in the Rehoboth Beach, Delaware area including ocean front, ocean view and bayside properties.
All available single family, condo, lots and residential property in the Bethany Beach, Delaware area including ocean front, ocean view and bayside properties.
All available single family, condo, lots and residential property listings in the Lewes, Delaware area including ocean front, ocean view and bayside properties.
All available single family, condo, lots and residential property listings in the Fenwick Island, Delaware area including ocean front, ocean view and bayside properties.
All available single family, condo, lots and residential property listings in the Dewey Beach, Delaware area including ocean front, ocean view and bayside properties.
All Listings data based on information from Sussex County Association of REALTORS®, which neither guarantees nor is in any way responsible for it's accuracy. All data is provided 'AS IS' and with all its faults. Data maintained by Sussex County Association of REALTORS® may not reflect all real estate activity in the market.
CROWLEY ASSOCIALTES REALTY, INC. is a Real Estate licensee in the State of Delaware
License Number: SCAOR: #SCAOR07031
