Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1850
Sq.Footage
3,180
Rare investment opportunity in the heart of Historic Lewes, Delaware. Situated on picturesque Second Street in one of the area's most desirable and walk-able commercial districts, this mixed-use property offers a unique combination of retail and residential income in a premier downtown location. The building consists of four fully leased units, including two commercial spaces on the first floor and two residential apartments on the second floor. Unit 128 is occupied by a well-established florist, while Unit 130 serves as a retail storefront. Above, Unit 126 is a spacious two-bedroom, one-bath apartment with a private entrance from Second Street, and Unit 121 is a studio apartment with separate rear access. All four units are fully rented, generating approximately $74,000 in annual rental income. Sale includes real estate only; businesses are not included in the transaction. Positioned just blocks from the Lewes-Rehoboth Canal, Delaware Bay beaches, restaurants, shops, and attractions, this property offers investors the opportunity to own a fully occupied income-producing asset in one of Delaware's most sought-after coastal markets. Whether expanding an investment portfolio or securing a landmark downtown property with long-term appreciation potential, opportunities like this are rarely available in Historic Lewes.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Multi Units, Electric
-
Heating YN
YES
-
Heating
Electric, Baseboard, Heat Pump
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Frame
-
Parking
None
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.07
-
Lot Size(square feet)
3049.0
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$2,295,000
-
Tax Amount
$2,951.81
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
New Construction
NO
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
SUSSEX
Elementary School
Middle School
High School
Listing Courtesy of Debbie Reed , RE/MAX Realty Group Rehoboth
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AGENT
Sharon Lelm
Call Sharon today to schedule a private showing.
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