1546 Savannah Rd Lewes, DE 19958

Property Details for 1546 Savannah Rd

Year built

1985

Lot size

0.46 lot acres

Property size

3,200 SF

Property type

Office Properties & Spaces

Description

This exceptional 3,200 square foot office building, situated on a 0.46-acre lot at 1546 Savannah Road in Lewes, Delaware, presents a compelling investment opportunity. Boasting a highly visible location with excellent signage, this property currently generates over $120,000 in annual rental income. Significant upside potential exists to increase rental income by an estimated $60,000 or more through the addition of private office tenants. The building underwent a comprehensive renovation in 2008, and in 2023 received substantial upgrades including a new well, a new HVAC system, and a new propane tank. Security cameras are installed throughout the property for enhanced safety and security. This meticulously maintained property offers a blend of established income and significant growth potential, making it an attractive investment for discerning buyers. The property's prime location in Lewes, Delaware ensures high visibility and accessibility, attracting a diverse range of potential tenants. The recent upgrades demonstrate a commitment to maintaining the highest standards of quality and functionality. All offers will be considered. This is a rare opportunity to acquire a well-established, high-performing office building with substantial upside potential in a desirable location.