18282 Coastal Hwy, Lewes, De 19958 $2,400,000

Price
$2,400,000
Bed
N/A
Bath
N/A
Acres
1.45
Town
Lewes
MLS
Desu2013510

Redevelopment Or Hospitality Expansion Opportunity! The Driftwood Motel Is Situated On The Busy Route 1 Corridor In Lewes, De. The Motel Features 9 Rooms That Are Rented On A Weekly Basis And Remain Consistently Full. Gross Rental Income For 2021 Was In Excess Of $211,000. The Owner Is Currently Limiting Rentals To Only Full Weeks. Additional Income Is Likely Available To An Operator Offering Shorter Term Stays. The Property Is Two Parcels For A Combined 1.45 Acres Boasting The Coveted C1 Commercial Zoning. The Motel Is On Public Utilities. There Is A Residence Towards The Rear Of The Property That Has Been Well Maintained. There Is Currently No Income On The Home As The Operator Spends Weekends There. This Property Is A Great Value Add Opportunity For A Hotel/motel Operator Or As A Redevelopment Play Along One Of The Busiest Corridors In The State Of Delaware. Showings Available By Appointment Only With Qualified Buyer.

ryan haley portrait

Contact Ryan Haley

Broker, Realtor

Inquire About This Listing

Please let us know your name.
Please let us know your email address.
Please write a subject for your message.
Please let us know your message.
Invalid Input
Invalid Input

Exterior Features

Construction Materials
Frame, mixed
Type of Parking
Parking Lot

Interior Features

Heating
Baseboard - Electric
Cooling
Central A/c

Additional Details

Acres
1.45
Year Built
1980
New Construction
N
Property Type
Commercial Sale
County
Sussex
© Coastal Association of REALTORS All rights reserved. All room dimensions and other measurements are approximate. All information is deemed reliable but not guaranteed. Prospective purchasers should verify the information to their own satisfaction. Real estate listings held by brokerage firms other than Atlantic Shores Realty, LLC. are indicated here. Listing courtesy of Svn/miller Commercial Real Estate. Site maintained by Ryan T. Haley, Broker of Atlantic Shores Realty. Office: (410) 524-0919 | This email address is being protected from spambots. You need JavaScript enabled to view it.