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    109 W Market St Lewes, DE 19958

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    For Sale
    $1,995,000

    Mixed-use building with restaurant and residential units in historic Lewes.

    Lot size:
    0.04 Acres

    Property Features for 109 W Market St

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1850

    Source: Houwzer Agent Matthew Tyler Kalogeras

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Lewes Mixed-Use Building

    This mixed-use commercial building, located in historic Lewes, presents a rare ownership opportunity. The property features a restaurant on the first floor, which is currently leased. The second floor contains two recently updated residential units. One unit is a studio apartment with a kitchenette and full bathroom. The other is a one-bedroom apartment with a full kitchen and one bathroom. The first-floor restaurant includes a full kitchen and patio.
    Location Intelligence

    Current Use by Public Records

    Eggcellent Restaurant Wealth Capital Investors, ... Investment Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -75.1398269
    Latitude
    38.7758739

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with restaurant and residential units in historic Lewes.
    Where is this mixed-use property located?
    The property is located at 109 W Market St Lewes, DE.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - Mixed-use commercial building in Historic Lewes.; - Leased restaurant on the first floor provides immediate income.; - Two recently updated residential units on the second floor.
    (410) 793-1112
    Request Owner's contact information
    109 W Market St 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
    109 W Market St Lewes, DE 19958
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