1521 Savannah Rd, Lewes, DE 19958

$1,499,000

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List Price
$1,499,000
Price Change
▼ $100,000 1774760830
Days on Market
219
Status
ACTIVE
MLS#
DESU2102106
Lot Size (Acres)
0.91
Year Built
1933
County
Sussex
School District
Cape Henlopen

Property Description

Savannah Road Multi Building Commercial Property. Positioned along Savannah Road, a highly visible commercial corridor east of Route 1 where new commercial supply is limited, 1521 Savannah Road presents a compelling opportunity to acquire a multi building commercial property on nearly one acre of land. The property consists of three separate structures currently configured for a mix of retail, office, service, and residential use. The main building includes two established commercial suites on the ground level and a second floor residential unit currently operated as a short term rental. Two additional freestanding buildings provide further commercial flexibility and tenant diversification. The site supports a variety of office, showroom, medical, and retail oriented uses. Existing illuminated signage and prominent frontage along Savannah Road contribute to long term visibility and branding potential. This offering provides in place income with additional upside through lease optimization, unit reconfiguration, or future redevelopment strategies. Properties offering this combination of land size, configuration, and location east of Route 1 are infrequently available. Financial information available upon execution of a confidentiality agreement.

Additional Information

Area
Lewes Rehoboth Hundred (31009)
Subdivision
None Available
Taxes
$2127
School District
Cape Henlopen
Flooring
Hardwood
Heating
Forced Air
Heating Fuel
Electric
Cooling
Zoned
Roof
Architectural Shingle
Utilities
Cable TV, Phone
Water
Private
Sewer
Private Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Linda Vista Real Estate. Contact: 3023131600