Lewes, DE 19958,109 W MARKET ST
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Lewes, DE 19958,109 W MARKET ST
Lewes, DE 19958,109 W MARKET ST
Lewes, DE 19958,109 W MARKET ST
Lewes, DE 19958,109 W MARKET ST

$1,100,000

Est. payment /mo

$1,295,000

15.1%
Est.Price: ?

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109 W MARKET ST Lewes, DE 19958

2,304 SqFt

SOLD DATE : 08/27/2020

Key Details

Sold Price $1,100,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 2,304 sqft

Price per Sqft $477

Subdivision None Available

MLS Listing ID DESU159092

Sold Date 08/27/20

HOA Y/N N

Originating Board BRIGHT

Year Built 1850

Annual Tax Amount $688

Tax Year 2020

Lot Size 1,742 Sqft

Acres 0.04

Lot Dimensions 37.00 x 51.00

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!

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning TN 651

Interior

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C

Flooring Hardwood, Tile/Brick

Equipment None

Heat Source Electric

Exterior

Utilities Available Cable TV Available, Phone Available, Sewer Available, Water Available

Water Access N

View Canal, Street, Park/Greenbelt

Roof Type Metal

Street Surface Paved

Accessibility Mobility Improvements

Road Frontage City/County

Garage N

Building

Lot Description Other

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Lewes

Middle Schools Beacon

High Schools Cape Henlopen

School District Cape Henlopen

Others

Tax ID 335-08.08-30.00

Ownership Fee Simple

SqFt Source Estimated

Security Features Smoke Detector

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Ian Blyth • Keller Williams Realty
Bought with Ian Blyth • Keller Williams Realty

Andie Scheidt

License ID: 652506

+1(410) 241-1754

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