34521 Postal Lane

    LEWES, DE 19958
    • $9,900,000
    • STATUS: Active Under Contract
    • ON SITE: 150 days
    • ID#: DESU142362
    Under Contract
    UPDATED: 34 min ago
    $9,900,000
    • 0
      BEDS
    • 4.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    2004
    County:

    School Ratings & Info

    School District:

    Description

    Dream of owning your own hotel or Inn. Does that dream include living at the beach. Here is your unique opportunity to own 93 room hotel, located between two amazing beaches. Directly in the middle of all the action Rt 1 has to offer with Lewes in one direction and the award winning beaches of Rehoboth Beach in the other. Fantastic restaurants, shopping, entertainment, golfing and so much more are right at your doorstep. This hotel/Inn is only open seasonally with the strong financials to back it up. But with some tender loving care and the right owner, this is definitely a year around gem just waiting to be polished. The hotel/Inn sits on more than 4 acres of land on what displays like it's own private island, with shopping, restaurants and entertainment within walking distance. There are 93 rooms which break down as follows. 48 Standard rooms each with 2 queen beds. 23 Balcony rooms each with 2 queen beds. 12 Family rooms each with 3 queen beds. 5 ADA compliant rooms with 2 queen beds each and 5 two (2) room suites. The building is 4 stories with a 2,000 sq ft basement. 5 stop elevator. Large pool with patio area and a small health room/cardio area. The building estimated around 70,000 sq ft and with all that it has to offer it has the potential to be one of the areas top accommodation attractions. Part of the rear lot is undeveloped and with the right permits there are some additional options to be had there as well. There is so much untapped potential here. With the right buyer/investor, the returns are there for the taking. Do not let this one get away. Call today for your private showing. More photos room and interior photos to come.

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    ©2019 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. 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: 2019-11-11T13:52:34.073.
    www.easternshorehomesolutions.com/homes/95914124

    34521 Postal Lane LEWES, DE 19958

    • Price: $9,900,000
    • Status: Active Under Contract
    • Updated: 34 min ago
    • ID#: DESU142362
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.13
    Acres
    2004
    Built
    Neighborhood:
    Lewes Rehoboth Hundred (31009)
    County:
    Sussex
    Area:
    Lewes Rehoboth Hundred (31009)
    School District:
    Cape Henlopen
    Property Description
    Dream of owning your own hotel or Inn. Does that dream include living at the beach. Here is your unique opportunity to own 93 room hotel, located between two amazing beaches. Directly in the middle of all the action Rt 1 has to offer with Lewes in one direction and the award winning beaches of Rehoboth Beach in the other. Fantastic restaurants, shopping, entertainment, golfing and so much more are right at your doorstep. This hotel/Inn is only open seasonally with the strong financials to back it up. But with some tender loving care and the right owner, this is definitely a year around gem just waiting to be polished. The hotel/Inn sits on more than 4 acres of land on what displays like it's own private island, with shopping, restaurants and entertainment within walking distance. There are 93 rooms which break down as follows. 48 Standard rooms each with 2 queen beds. 23 Balcony rooms each with 2 queen beds. 12 Family rooms each with 3 queen beds. 5 ADA compliant rooms with 2 queen beds each and 5 two (2) room suites. The building is 4 stories with a 2,000 sq ft basement. 5 stop elevator. Large pool with patio area and a small health room/cardio area. The building estimated around 70,000 sq ft and with all that it has to offer it has the potential to be one of the areas top accommodation attractions. Part of the rear lot is undeveloped and with the right permits there are some additional options to be had there as well. There is so much untapped potential here. With the right buyer/investor, the returns are there for the taking. Do not let this one get away. Call today for your private showing. More photos room and interior photos to come.
    Exterior Features

    Construction Materials BrickConcrete Garage YN No Other Structures Above GradeBelow Grade Parking Types Parking Lot Riparian Rights YN No View Golf CoursePanoramicStreetOther Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 70000.00 Cooling Wall UnitOther Heating Wall UnitOther Heating YN Yes Net Square Feet 70000.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features Doors - Swing InElevatorGrab Bars ModOther Assessment Year 2018 Association YN No Business Type Hotel/Motel Central Air YN No Cooling Fuel Electric Heating Fuel Electric Hot Water Propane Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 301795810652 Ownership Interest Fee Simple Possession 61-90 Days Cd Property Sub Type Other Sale Type Standard Sewer Public Sewer Tax Annual Amount 37954.0 Vacation Rental YN No Water Source Public Zoning D

    Listing courtesy of Exp Realty.
    ©2019 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. 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: 2019-11-11T13:52:34.073.
     
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