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Key Details
Sold Price $1,450,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 2,409 sqft
Price per Sqft $601
MLS Listing ID DESU2045730
Sold Date 10/03/23
Originating Board BRIGHT
Year Built 2017
Annual Tax Amount $1,501
Tax Year 2022
Lot Size 0.600 Acres
Acres 0.6
Lot Dimensions 206.00 x 129.00
Property Description
MARQUEE COMMERCIAL PROPERTY AVAILABLE AT THE GATEWAY TO LEWES. High visibility, easy access commercial land & building with multiple access points, 27,267 daily traffic count and an annual cash flow of $102,000. Minimum five year long term lease negotiable with the business owner. Low risk, high return. 7% cap rate. Please refer to the attached floor plan and architectural plans for room dimensions, including an additional 848 Level 2 square feet of storage. Presently 53 indoor dining seats, 16 outdoor dining seats, plus drive-through take-out window.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning COMMERCIAL
Interior
Hot Water Propane
Heating None
Cooling Central A/C
Flooring Vinyl
Heat Source Propane - Leased
Exterior
Garage Spaces 28.0
Water Access N
Roof Type Architectural Shingle
Accessibility Other
Total Parking Spaces 28
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Well
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 335-12.05-13.00
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Lucy Rose Wilkinson • Berkshire Hathaway HomeServices PenFed Realty
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