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.87 acres C-1 Land, Beach Hwy 17672 Coastal Hwy

1,500 SF 100% Leased Retail Building Lewes, DE 19958 $1,700,000 ($1,133/SF)

Investment Highlights

  • Ideal redevelopment property
  • Central Utilities
  • Small house sits fronting Shady Rd, all zoned C-1

Executive Summary

Fully leased Coastal Hwy property with 100 ft of frontage, central sewer and water available. Tenant is paying below market rate, month to month while business property is leased through 2027 @6k/month

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,500 SF
Building Class
B
Year Built
1990
Price
$1,700,000
Price Per SF
$1,133
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
0.89 AC
Zoning
C1 - Highway Commercial, allowing 12 units/acres of Townhomes under this C-1 zoning Ideal property for a strip center, apartment building etc.
Frontage
100 FT on Coastal Hwy

Amenities

  • Pylon Sign

Nearby Major Retailers

Pat's Pizzeria
PNC Bank
Capriotti's
Weis Markets
Fit Body Boot Camp
The Greene Turtle Sports Bar& Grille
Anytime Fitness
Citizens Bank
CrossFit
WSFS Bank
  • Listing ID: 32308987

  • Date on Market: 7/1/2024

  • Last Updated:

  • Address: 17672 Coastal Hwy, Lewes, DE 19958

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