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Property profile

33588 Old Salt Ln Lewes, DE 19958

OFF-MARKET
Specialty properties
3 ac lot
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Property summary

AI-generated overview

Exceptional investment opportunity: A fully approved 4,924+ sq ft restaurant pad and thriving marina are available for sale in Lewes, Delaware, for $4,000,000. The restaurant boasts approved plans for indoor and outdoor seating, including a second-level outdoor bar area, with a capacity of 237. A seasoned local operator is available to manage the business for the new owner. This property sits on 3 acres of land and is ideally situated in one of Delaware's fastest-growing areas, within 15 minutes of most Delaware beaches and attractions. The marina features 60 slips accommodating boats up to 35 feet, each with water access, and two gas pumps. A 6-foot boardwalk connects the slips directly to the restaurant pad. Love Creek was dredged in 2021. The marina benefits from its proximity to Delaware's scenic inland bays, numerous golf courses, and diverse dining options. The Indian River Inlet and the Atlantic Ocean are less than 10 miles away by boat. Pro forma estimates indicate a 10%+ cap rate. This combined restaurant and marina property presents a unique and lucrative investment opportunity in a highly desirable coastal location.

Property profile

Verified
Property type Specialty properties
Lot 3 ac (130,680 SF)

Cap rate & NOI

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

Location

33588 Old Salt Ln 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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