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Property profile & analytics
OFF-MARKET
Office Spaces

1546 Savannah Rd Lewes, DE 19958

3,200 SF 0.46 ac lot Built 1985
Property ID
US17-0279768
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Year built 1985
Total area 3,200 SF
Lot 0.46 ac (20,038 SF)
UPID US17-0279768
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Arrow Safety Device Company Building Supply General Contractor
  • Carol Daniels, EXP Realty, LLC Real Estate Agency
  • AnnieMac Home Mortgage - Lewes Loan Service Bank
  • All Pro Maids (Bike/Boat/Book/etc) Store
  • American Flag Guardians Advocacy Group Social Service Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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