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    18422 Coastal Hwy Lewes, DE 19958

    For Sale
    Contact for pricing

    New Lewes Office, High Traffic Area

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional office space presents a rare opportunity in the vibrant Lewes/Rehoboth Beach market. Located on Coastal Highway (Route 1), a high-traffic corridor boasting 60,000 average daily vehicles, this property offers unparalleled visibility. Situated within a brand-new, first-class building, this 1,795 square foot unit is the last remaining first-floor space in a 15,840 square foot development. The building features impressive 14-foot first-floor and 12-foot second-floor ceiling heights, creating a spacious and modern environment. Convenience is maximized with elevator and stair access to the second floor, including a dedicated rear stairwell. A free-standing Starbucks, also slated to open Summer 2024, will share the building, adding to the property's appeal and drawing significant foot traffic. The building's completion is anticipated for Summer 2024. This "vanilla box" space will be delivered with concrete floors, electrical systems, bathrooms, and HVAC already installed. The lease rate starts at $32 per square foot, with an estimated CAM of $3 per square foot. Ideal for office, retail, or any business prioritizing high visibility and accessibility, this location is truly exceptional. The 1.64-acre lot ensures ample space and parking. Don't miss this chance to secure a prime location in a thriving Delaware coastal community.

    Property Features for 18422 Coastal Hwy

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    71,438 SF

    Building Details

    Year Built
    2024
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewes
    County
    Sussex
    State
    Delaware
    Longitude
    -75.14628
    Latitude
    38.7392

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    FAQs

    What type of property is this?
    Office Property / Space - New Lewes Office, High Traffic Area
    Where is this office property / space located?
    The property is located at 18422 Coastal Hwy Lewes, DE.
    (302) 313-1236
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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
    18422 Coastal Hwy Lewes, DE 19958
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