18276 Coastal

    Lewes, DE 19958
    • $1,999,999
    • STATUS: Active
    • ON SITE: 16 days
    • MLS #: 727154
    UPDATED: 62 min ago
    $1,999,999
    • 0
      BEDS
    • 1.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 63,162
      SQFT
    • $32
      $/SQFT
    Type:
    Commercial
    Built:
    1960
    County:

    School Ratings & Info

    School District:

    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.

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    © 2018 Sussex County Association of REALTORS®, Inc. Based on information from Sussex County Association of REALTORS®, Inc., which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market. The Allison Stine Team at Long and Foster Real Estate is a real estate licensee in the State of Delaware. SCAOR #10191. Data last update 2018-02-19T07:29:54.63.
    www.allisonstineteam.com/homes/80457250

    18276 Coastal Lewes, DE 19958

    • Price: $1,999,999
    • Status: Active
    • Updated: 62 min ago
    • MLS #: 727154
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.45
    Acres
    63,162
    SQFT
    $32
    $/SQFT
    1960
    Built
    Neighborhood:
    Lewes And Rehoboth Hundred
    County:
    Sussex
    Area:
    Lewes And Rehoboth Hundred
    School District:
    Cape Henlopen
    Property 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.
    Exterior Features

    Exterior Type Vinyl Siding Lot Description Cleared Lot Size 0 Road Access State Highway Road Surface Asphalt Roofing Shingle-Asphalt

    Interior Features

    Basement Partially Finished Cooling System Central A/C Heating System Forced Air Office Sq Ft 0 Primary Flooring Carpet Warehouse Sq Ft 0

    Property Features

    Accessibility 2+ Access Exits Association Fee 0 Building Type Hospitality Business Name Drftwood Motel City Taxes 0 Condo Fees 0 Condo Ownership No County Taxes 1371 Current Building Use Hotel/Motel Disclosures None Documents On File None Financing Cash Historic District YNProperty No In City Limits YN No Land Options Fee Simple MLS Sussex County Ownership Fee Simple Property Type Commercial Improved Rental No Sale Of Business Name Sewer Sewer-Public Central Short Sale No Site Improvement Catv Utilities On Site Electric On Site Water Water-Public Central Zoning Features C1

    Courtesy of Jack Lingo Lewes


    © 2018 Sussex County Association of REALTORS®, Inc. Based on information from Sussex County Association of REALTORS®, Inc., which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market. The Allison Stine Team at Long and Foster Real Estate is a real estate licensee in the State of Delaware. SCAOR #10191. Data last update 2018-02-19T07:29:54.63.
    The Allison Stine Team at Long and Foster Real Estate
    33298 Coastal Highway
    Bethany Beach DE, 19930