109 W Market Street

    LEWES, DE 19958
    • $1,295,000
    • STATUS: Active Under Contract
    • ON SITE: 51 days
    • ID#: DESU159092
    Under Contract
    UPDATED: 146 min ago
    $1,295,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1850
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Have you been looking to own a once in a lifetime property in the heart of downtown, Historic Lewes? This rare, turnkey investment property is sure to amaze you and your financial advisor! The first-floor features a fully functioning restaurant & bar space with seating for 50+, which is currently leased for the next five years at $48,000 per year. The second-floor features two beautifully remodeled vacation rental apartments which produced more than $48,600 in rental income in 2019. Between the restaurant/bar and the two apartments, this property is projected to produce approximately $100,000 in annual income! Nestled in the middle of Historic Lewes' shopping and restaurant district, this property is a stone~s throw from the Lewes & Rehoboth Canal and just a short walk or bike ride to Lewes Beach. This 1850's built property is also situated only one block away from The Lewes Canalfront Park & Marina. If you are tired of the volatility of the stock market, looking to diversify your investment portfolio, or you want to have a place of your own in Historic Lewes, then you owe it to yourself to visit this historic 1850's gem!

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Long and Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-05-31T23:48:56.973.
    www.easternshorehomesolutions.com/homes/104949854

    109 W Market Street LEWES, DE 19958

    • Price: $1,295,000
    • Status: Active Under Contract
    • Updated: 146 min ago
    • ID#: DESU159092
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    1850
    Built
    Neighborhood:
    None Available
    County:
    Sussex
    Area:
    Lewes Rehoboth Hundred (31009)
    Elementary School:
    Shields
    Middle School:
    Beacon
    High School:
    Cape Henlopen
    School District:
    Cape Henlopen
    Property Description
    Have you been looking to own a once in a lifetime property in the heart of downtown, Historic Lewes? This rare, turnkey investment property is sure to amaze you and your financial advisor! The first-floor features a fully functioning restaurant & bar space with seating for 50+, which is currently leased for the next five years at $48,000 per year. The second-floor features two beautifully remodeled vacation rental apartments which produced more than $48,600 in rental income in 2019. Between the restaurant/bar and the two apartments, this property is projected to produce approximately $100,000 in annual income! Nestled in the middle of Historic Lewes' shopping and restaurant district, this property is a stone~s throw from the Lewes & Rehoboth Canal and just a short walk or bike ride to Lewes Beach. This 1850's built property is also situated only one block away from The Lewes Canalfront Park & Marina. If you are tired of the volatility of the stock market, looking to diversify your investment portfolio, or you want to have a place of your own in Historic Lewes, then you owe it to yourself to visit this historic 1850's gem!
    Exterior Features

    Construction Materials GlassWood SidingBatts InsulationConcreteCPVC/PVCTile Garage YN No Location Type Free Standing Lot Features Other Other Equipment None Parking Features PublicUnassigned Parking Types On Street Riparian Rights YN No Road Responsibility City/County Road Surface Type Paved Roof Metal View CanalStreetPark/Greenbelt Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 2304.00 Cooling Central A/C Flooring HardwoodTile/Brick Heating Heat Pump(S) Heating YN Yes Net Square Feet 2304.00 Security Features Smoke Detector

    Property Features

    Acceptable Financing CashConventional Accessibility Features Mobility Improvements Assessment Year 2019 Association YN No Business Type Restaurant/Bar Central Air YN Yes Cooling Fuel Electric Electric Circuit Breakers Elevators 0 Entry Level 1 Heating Fuel Electric Historic YN Yes Hot Water Electric Insurance Expense 4000.00 Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304082489578 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 689.00 Tax Assessment Amount 14650.00 Total Actual Rent 100000.00 Utilities Cable Tv AvailablePhone AvailableSewer AvailableWater Available Vacation Rental YN No Water Sewer Hookup Fee 0.00 Water Source Public Zoning Tn 651

    Listing courtesy of Keller Williams Realty.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Long and Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-05-31T23:48:56.973.
     
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