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    17326 Coastal Hwy Lewes, DE 19958

    For Sale
    $1,275,000

    Four-building retail complex, strong income.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    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 Features for 17326 Coastal Hwy

    General Information

    Property type
    Retail properties
    Lot Size
    18,731 SF

    Building Details

    Year Built
    1970
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cristina Caldarus BeautyPro/ ... Eyebrow Bar Floral 302 and Flowers ... Florist Premier Tax & Accounting ... Consultant Salon Pink Beauty Salon Gold Star Hvac Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply 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
    -75.17997
    Latitude
    38.74882

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    FAQs

    What type of property is this?
    Retail property - Four-building retail complex, strong income.
    Where is this retail property located?
    The property is located at 17326 Coastal Hwy Lewes, DE.
    What is the asking price?
    The asking price for this property is $1,275,000.
    (302) 227-4800
    Request Owner's contact information
    17326 Coastal Hwy 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
    17326 Coastal Hwy Lewes, DE 19958
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