17326 Coastal HwyLewes, DE 19958

For Sale
$1,275,000

Four-building retail complex, strong income.

Overview

Added:
Feb 3
Days on market:
37
This exceptional investment opportunity presents a portfolio of four distinct retail buildings situated on a 0.43-acre lot at 17326 Coastal Highway in Lewes, Delaware. The property boasts significant frontage on Route 1, near the highly trafficked 5 Points intersection, ensuring excellent visibility and accessibility. Currently, four established businesses—a hair salon, flower shop, pool company, and accounting firm—occupy the buildings under long-term leases, generating a substantial annual income of approximately $96,000. The property features an ample paved parking lot, providing convenient parking for customers and employees. All utilities are connected, including public sewer and water. This turnkey investment offers a stable income stream with the potential for future appreciation. The recent return to the market is due to circumstances beyond the seller's control, presenting a rare chance to acquire a well-established, high-performing retail property in a prime Lewes location. The property's strong tenant occupancy and consistent income make it an attractive proposition for investors seeking a reliable and profitable addition to their portfolio. The strategic location and ample parking further enhance the property's value and appeal. This is a truly exceptional opportunity not to be missed.

Property Details for 17326 Coastal Hwy

Property type
Retail properties, Other retail properties
Year Built
1970
Lot Size (sq. ft)
18,731 SF

Location Insight

City
Lewes
County
Sussex
State
Delaware
Latitude
38.74882
Longitude
-75.17997
17326 Coastal Hwy, Lewes, Delaware

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17326 Coastal Hwy
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