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800-441-8118

Listing in Lewes, DE, LEWES

MLS #DESU2013510
Listing #DESU2013510: image #1

$ 2,200,000

Lot Size Area: 1 Square Feet
Lot: 63,162 sq. ft.
Sq. Ft. Total: 6,900
  • Description

    REDEVELOPMENT OR HOSPITALITY EXPANSION OPPORTUNITY! The Driftwood Motel is situated on the busy Route 1 corridor in Lewes, DE. The motel features 9 rooms that are rented on a weekly basis and remain consistently full. Gross rental income for 2021 was in excess of $211,000. The owner is currently limiting rentals to only full weeks. Additional income is likely available to an operator offering shorter term stays. The property is two parcels for a combined 1.45 acres boasting the coveted C1 commercial zoning. The motel is on public utilities. There is a residence towards the rear of the property that has been well maintained. There is currently no income on the home as the operator spends weekends there. This property is a great value add opportunity for a hotel/motel operator or as a redevelopment play along one of the busiest corridors in the state of Delaware. Showings available by appointment only with qualified buyer.
    Listed By: 
    SVN/Miller Commercial Real Estate
  • Property Details
    Commercial Subtype: 
    Commercial Buildings For Sale
    Lot Size Unit (ft/acre): 
    Square Feet
    Lot Sq. Feet: 
    63162
  • Exterior Features
    Sewer: 
    Public Sewer
    Water: 
    Public
  • Interior Features

    Interior Features

    Heating System: 
    Baseboard - Electric
    Cooling System: 
    Central A/C

Map

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