1546 Savannah RdLewes, DE 19958

For Sale
$2,200,000

Prime Lewes location, high rental income, recent upgrades.

Overview

Added:
Feb 3
Days on market:
37
This exceptional 3,200 square foot office building, situated on a 0.46-acre lot at 1546 Savannah Road in Lewes, Delaware, presents a compelling investment opportunity. Boasting a highly visible location with excellent signage, this property currently generates over $120,000 in annual rental income. Significant upside potential exists to increase rental income by an estimated $60,000 or more through the addition of private office tenants. The building underwent a comprehensive renovation in 2008, and in 2023 received substantial upgrades including a new well, a new HVAC system, and a new propane tank. Security cameras are installed throughout the property for enhanced safety and security. This meticulously maintained property offers a blend of established income and significant growth potential, making it an attractive investment for discerning buyers. The property's prime location in Lewes, Delaware ensures high visibility and accessibility, attracting a diverse range of potential tenants. The recent upgrades demonstrate a commitment to maintaining the highest standards of quality and functionality. All offers will be considered. This is a rare opportunity to acquire a well-established, high-performing office building with substantial upside potential in a desirable location.

Property Details for 1546 Savannah Rd

Property type
Office properties, Other office properties
Square Feet
3,200 SF
Year Built
1985
Lot Size (sq. ft)
20,038 SF

Location Insight

City
Lewes
County
Sussex
State
Delaware
Latitude
38.75226
Longitude
-75.16254
1546 Savannah Rd, Lewes, Delaware

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1546 Savannah Rd
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