Date
Details
Price
Change
Source
1/03/2025
Listed
$2,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/55
$2,700,000 Just Listed
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Property Description
Exciting Investment Opportunity in Lewes, Delaware's Premier Tourist Hub! Located along the bustling Coastal Highway, this prime property offers an exceptional investment prospect in the heart of Lewes, Delaware's most popular tourist area. Comprising two buildings, with four total units, this offering provides an enticing opportunity for any investor looking for long term returns! Don't miss out on this unparalleled opportunity to invest in Lewes, Delaware's dynamic tourist landscape. **Please DO NOT visit property without scheduling an appointment with licensed agent.**
Full Property Details
Full Property Details for 18289 Coastal Hwy
General
- Price: $2,700,000
- Taxes: $5,121 (2024)
- Status: Active
- Type: Retail
- Source: BrightMLSMidAtlantic
- MLS ID: DESU2076562
- Updated: 1/3/2025
- Added to Site: 4 day(s) ago
Business
- Business Type: Restaurant/Bar, Other/General Retail, Hair Salon and
Parking
- Total Spaces: 50
- Parking Features: Lighted Parking, Handicap Parking, Paved Parking
- Parking Type: Parking Lot
Location
- Area: Lewes Rehoboth Hundred (31009)
- County: Sussex
- Cross Streets: Kings Hwy
- Driving Directions: Located on Rt 1 / Coastal Hwy, just south of Kings Hwy
- Location Details: Highway
School Information
- Middle School: Beacon
- High School: Cape Henlopen
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Other
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding
- Stories/Levels: 0
- Year Built: 2007
- Year Built Source: Estimated
- Property Condition: Very Good
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.9
- Lot Size (Sq. Ft.): 39,204
- Lot Size Source: Estimated
- Lot Dimensions: 150.00 x 262.00
- Street/Road Desc.: Black Top
- Fence: Yes
- Zoning: C1
Financial Considerations
- Price Per Sq. Ft.: $308.15
- Operating Expenses: $15,000
- Assessment Year: 2024
- School Tax: $4,659
- County Tax: $414
- County Tax Freq: Annually
- Tax Amount: $5,121
- Tax Year: 2024
- Owner Pays: Insurance, Taxes - Real Estate
- Landlord Pays: Insurance, Taxes - Real Estate
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Crab weathervane, brick wall with plaque, handwashing sink in restaurant hall area, bar top in main restaurant and bar in deck seating area are to be excluded. Businesses are NOT included in sale - sale is for real estate only.
- Investment: Yes
Listed by SVN/Miller Commercial Real Estate, Tyler Anaya
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Listing agent
— 18289 Coastal Hwy —
Tyler Anaya
SVN/Miller Commercial Real Estate
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 18289 Coastal Hwy
School District:Cape Henlopen School District
| Rating | Name | Grades | Distance |
|---|---|---|---|
|
910 Shields Ave, Lewes, DE 19958 | PK-5 | 1.7 mi | |
|
16391 Harbeson Rd, Milton, DE 19968 | 5-8 | 9 mi | |
|
1250 Kings Hwy, Lewes, DE 19958 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 18289 Coastal Hwy
Tax History
Tax History for 18289 Coastal Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,117
4%
$103,900
—
2022
$4,938
1%
$103,900
—
2021
$4,893
—
$103,900
—
2020
$4,878
—
$103,900
—
2019
$4,885
7%
$103,900
—
2018
$4,563
4%
$103,900
—
2017
$4,369
5%
$103,900
—
2016
$4,150
5%
$103,900
—
2015
$3,966
1%
$103,900
—
2014
$3,937
3%
$103,900
—
2013
$3,825
—
$103,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 18289 Coastal Hwy
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
- Condo
- Active
- Updated 4 days ago
- 3Beds
- 3Total Baths
- 2,012Sq. Ft.
- Single Family
- Active
- Updated 40 minutes ago
- 3Beds
- 2Total Baths
- 1,683Sq. Ft.
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- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 2Total Baths
- 2,128Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 3Total Baths
- 4,198Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 5Beds
- 5Total Baths
- 4,400Sq. Ft.
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18289 Coastal Highway, Lewes, DE 19958 (MLS# DESU2076562) is a Retail property. 18289 Coastal Highway is currently listed for $2,700,000 and was received on January 03, 2025. Want to learn more about 18289 Coastal Highway? Do you have questions about finding other Retail real estate for sale in Lewes? You can browse all Lewes real estate or contact a Coldwell Banker agent to request more information.