Property profile

18422 Coastal Hwy Lewes, DE 19958

OFF-MARKET
Office Spaces
Property ID
US17-0097342
1.64 ac lot Built 2024
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Property summary

AI-generated overview

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 profile

Verified
Property type Office Spaces
Year built 2024
Lot 1.64 ac (71,438 SF)
UPID US17-0097342

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

18422 Coastal Hwy Lewes, DE 19958
Lewes metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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