C-1 Mixed-Use Commercial
For Sale
Contact for pricing
32191 NASSAU ROAD #2, Lewes, DE 19958
Flexible commercial layout with offices, open work areas, kitchenette, private restroom, and on-site parking.
Property Size2,608 SF
Price / SF$0.01
Days on Market52
Property Features for 32191 NASSAU ROAD #2
General Information
Standard status
Active
Size
2,608 SF
Property subtype
Commercial
Zoning
C-1
Amenities
open work areas
private offices
kitchenette
private bathroom
recessed lighting
Building Details
Year Built
1990
Listing Agency:
R&R Commercial Realty
Listed By:
Keith Walpole · License #RS-0014425
(302) 674-3400
Source:
Cummingsrealtors
Added: Sep 9
Changed: Oct 29
Last Checked: Oct 28 at 7:15AM
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 R&R Commercial Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use commercial property provides approximately 2,608 square feet configured with open work areas, private offices, a kitchenette, a private bathroom, and recessed lighting. The space can accommodate professional office, retail, wellness, design, consulting, and other compatible commercial uses, subject to verification of applicable requirements. The property was built in 1990 and includes ample parking.
Located at 32191 Nassau Road in Lewes, the property sits alongside the Lewes-Georgetown Bike Path within an established commercial setting with neighboring businesses. C-1 zoning applies to the site, while permitted uses and zoning requirements are to be verified by the tenant.
Located at 32191 Nassau Road in Lewes, the property sits alongside the Lewes-Georgetown Bike Path within an established commercial setting with neighboring businesses. C-1 zoning applies to the site, while permitted uses and zoning requirements are to be verified by the tenant.
Key Highlights
- Approximately 2,608 square feet of mixed‑use commercial space
- C‑1 zoning with permitted uses and requirements subject to verification
- Open work areas plus private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,379
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,580
$467.6K
Cap Rate 7%
$333,986
$334.0K
Cap Rate 9%
$259,767
$259.8K
Market Conditions
NOI Build-Up for 2,608 SF
Gross rent
$36.0K $13.80/SF
− Vacancy
−$2.6K −$0.99/SF
EGI
$33.4K $12.81/SF
− OpEx
−$10.0K −$3.84/SF
NOI
$23.4K $8.96/SF
Area
Sussex County, DE
Vacancy
7.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,580
Cap Rate 7%
$333,986
Cap Rate 9%
$259,767
Alternative Uses
Best Use
Mixed Use
$442.6K
$387.3K – $516.4K
NOI $30,983 @ 7.0% cap · market cap 163,068.42%
Second Best
Retail
$334.0K
$292.2K – $389.7K
NOI $23,379 @ 7.0% cap · market cap 123,047.37%
Theoretical Best
Office A
$716.7K
$627.1K – $836.1K
NOI $50,167 @ 7.0% cap · market cap 264,036.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Meineke Car Care Center
Shops & Services
1,417 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial layout with offices, open work areas, kitchenette, private restroom, and on-site parking.
Where is this mixed-use property located?
The property is located at 32191 NASSAU ROAD #2 Lewes, DE.
What are key features of this property?
This property features: Approximately 2,608 square feet of mixed‑use commercial space; C‑1 zoning with permitted uses and requirements subject to verification; Open work areas plus private offices
