109 W MARKET STREET, LEWES, DE 19958
109 W MARKET STREET

109 W MARKET STREET

109 W MARKET STREET, LEWES, DE

$1,100,000

HIGHLIGHTS
  • 0.04 Acres Lot
  • 2,304 Sq.Ft. Living
  • 1850 Year Built
  • Sold Status
  • DESU159092 MLS® ID
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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FEATURES & AMENITIES

Interior

  • FlooringHardwood, Tile/Brick

Area & Lot

  • Status Sold
  • Living Area2,304 Sq.Ft.
  • Lot Area0.04 Acres
  • MLS® IDDESU159092
  • TypeCOMMERCIAL
  • YEAR BUILT1850
  • neighborhoodLewes
  • View DescriptionCanal, Street, Park/Greenbelt
  • Elementary SchoolSHIELDS
  • Middle SchoolBEACON
  • High SchoolCAPE HENLOPEN
  • School DistrictCAPE HENLOPEN

Exterior

  • STORIES2
  • Water SourcePublic
  • utilitiesCable TV Available, Phone Available, Sewer Available, Water Available
  • roofMetal
  • lot featuresOther
  • parkingPublic, Unassigned
  • HEAT TYPEHeat Pump(s)
  • AIR CONDITIONINGCentral A/C
  • sewerPublic Sewer
  • SubstructureGlass, Wood Siding, Batts Insulation, Concrete, CPVC/PVC, Tile
  • security FeaturesSmoke Detector

Financial

  • Sales Price$1,100,000
  • Real Estate Tax $688
  • Zoning TN 651

Lewes

Family-friendly coastal gem with a bounty of historical sites.

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For 2021 Michael and his team surpassed $52 Million in sales volume making them one of the top 10 teams in all of Southern Delaware.

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