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    1546 Savannah Rd Lewes, DE 19958

    For Sale
    $2,200,000

    Prime Lewes location, high rental income, recent upgrades.

    Property size:
    3,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    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 Features for 1546 Savannah Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,200 SF
    Lot Size
    20,038 SF

    Building Details

    Year Built
    1985
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Arrow Safety Device ... Safety Equipment Supplier Carol Daniels, EXP ... Real Estate Agent AnnieMac Home Mortgage ... Mortgage Lender All Pro Maids Cleaners American Flag Guardians Veterans Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lewes
    County
    Sussex
    State
    Delaware
    Longitude
    -75.16254
    Latitude
    38.75226

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Lewes location, high rental income, recent upgrades.
    Where is this office property / space located?
    The property is located at 1546 Savannah Rd Lewes, DE.
    What is the asking price?
    The asking price for this property is $2,200,000.
    (302) 645-4800
    Request Owner's contact information
    1546 Savannah Rd Lewes, DE 19958
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    Lewes, DE 19958
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1546 Savannah Rd Lewes, DE 19958
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