Multi-Level Victorian
210 SAVANNAH Rd, Lewes, DE 19958
For Sale
$2,500,000
Dining rooms, a custom bar, porch seating, and a dumbwaiter support the existing restaurant configuration.
Property Size6,089 SF
Price / SF$410.58
Days on Market49
Property Features for 210 SAVANNAH Rd
General Information
Standard status
Size
Property subtype
Restaurant
Patio
Equipment Included
Taxes and HOA fees
Annual Taxes
Amenities
wrap-around porch
gazebo
skylights
Building Details
Year Built
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
Listed By:
Lee Ann Wilkinson · License DE RA-0002064
(302) 645-6664
Source:
Elliman
Added: Sep 26
Changed: Nov 3
Last Checked: Nov 12 at 7:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices PenFed Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1900, this Victorian property is arranged across multiple levels and currently operates as a restaurant. Dining rooms feature hardwood floors and skylights, with a custom bar and a wrap-around porch that includes a gazebo area for outdoor seating. A dumbwaiter connects to the kitchen operation, while the upper floors contain multiple private rooms. Restaurant equipment is not included in the real estate sale and is available separately.
The property is at 210 Savannah Road in Lewes, in the downtown historic area. Its existing restaurant layout combines indoor dining areas, outdoor seating, kitchen facilities, and upper-level rooms.
The property is at 210 Savannah Road in Lewes, in the downtown historic area. Its existing restaurant layout combines indoor dining areas, outdoor seating, kitchen facilities, and upper-level rooms.
Key Highlights
- Victorian property built in 1900
- Restaurant layout spans multiple levels and includes upper‑floor private rooms
- Dining rooms feature hardwood floors and skylights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,735
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,474,700
$1.5M
Cap Rate 7%
$1,053,357
$1.1M
Cap Rate 9%
$819,278
$819.3K
Market Conditions
NOI Build-Up for 6,089 SF
Gross rent
$109.6K $18.00/SF
− Vacancy
−$11.3K −$1.85/SF
EGI
$98.3K $16.15/SF
− OpEx
−$24.6K −$4.04/SF
NOI
$73.7K $12.11/SF
Area
Sussex County, DE
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,474,700
Cap Rate 7%
$1,053,357
Cap Rate 9%
$819,278
Alternative Uses
Best Use
Specialty Retail
$1.05M
$921.7K – $1.23M
NOI $73,735 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,128 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 65%
Shops & Services 35%
Lloyd's Market
Groceries
5,220 visits/mo
0.4 miles
M&T Bank
Shops & Services
2,852 visits/mo
0.1 miles
Demographics for 19958, DE
27,911
Population
19,410
Households
1.4
Avg Household Size
61
Median Age
49%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
590
Density / Sq Mi
$91,445
Median Household Income
$49,124
Median Earnings
$1,654
Median Rent
$488,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Conventional restaurants in Sussex County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Dining rooms, a custom bar, porch seating, and a dumbwaiter support the existing restaurant configuration.
Where is this conventional restaurant located?
The property is located at 210 SAVANNAH Rd Lewes, DE.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Victorian property built in 1900; Restaurant layout spans multiple levels and includes upper‑floor private rooms; Dining rooms feature hardwood floors and skylights
