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800-441-8118

1204 SAVANNAH RD, LEWES

MLS #DESU128680
Listing #DESU128680: image #1

$ 559,900

Beds 4
Baths 3+
Community: NONE AVAILABLE
  • Description

    Sturdy Lewes Homestead with Medical / Professional Use Aspirations & Likelihood. Essentially new construction, completely rebuilt Lewes home being offered with two independent building lots, with Conditional Use Approval #2109 of record, and the near term availability of City of Lewes water & sewer. The combinations of opportunities are only as limited as the imagination and entrepreneurial spirit within. The gross rental potential of subject property: Residential long term lease $24,000 annually. Alternatively, notwithstanding the 966 sq ft of basement space, valued at a minimum of $5 per sq ft for conditioned storage space ($4,830 annually / $402.50 monthly) that should be incorporated in any commercial lease, levels 1 & 2 of the home is 1630 sq ft, if lease as finished medical space, at the market rate of $20 per sq ft = $32,600 annually ($2,716.67 monthly). This same 1630 sq ft lease as finished office space, at the market rate of $16 per sq ft = $26,080 annually ($2,173.33 monthly). Additionally, the garage and shed could generate $3,600-$4,800 annually ($300-$400 monthly).
    Listed By: 
    COLDWELL BANKER RESORT REALTY - R
  • Property Details

    Property Type:

    Community:

    Style: 
    Cape Cod

    Building Name:

    Lot Size ( W x L ): 
    160 x 150
    Lot Sq. Feet: 
    26,000
    Year Built: 
    1955
    County Tax: 
    $93.00
    School District: 
    CAPE HENLOPEN
  • Exterior Features
    Garage: 
    Garage - Side Entry
    Foundation: 
    Block
    Construction Type: 
    Block
    Concrete
    Masonry
    Frame
    Roofing: 
    Architectural Shingle
    Sewer: 
    Cess Pool,Public Sewer
    Water: 
    Public
  • Interior Features
    Heating System: 
    Forced Air
    Cooling System: 
    Central A/C
    Primary Flooring: 
    Hardwood
    Tile/Brick
    Basement: 
    Full

    Appliances:

    Interior Features:

Map

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