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Property profile & analytics
FOR LEASE
Flex space

16727 Coastal Hwy Lewes, DE 19958

Built 24
Property ID
US17-Q000309
Property summary
AI-generated overview

Prime Commercial Opportunity on Coastal Highway — 18355–18357 Coastal Hwy, Lewes, DE. Rare opportunity to acquire a highly visible commercial property along the Coastal Highway (Route 1) corridor in Lewes. This offering includes two adjoining parcels—18355 and 18357 Coastal Hwy—featuring two separate buildings and excellent highway exposure with both ingress and egress directly onto Route 1. The property includes a two-story building with approximately 2,200 square feet of finished space, two bathrooms, and an unfinished basement, along with a separate warehouse building of approximately 3,200 square feet with two bathrooms. A large parking area between the buildings provides convenient access and flexibility for customers, employees, or operational use. A new roof with a 15-year warranty was installed in March 2026, adding long-term value and peace of mind. New furnace office area in house, duct in basement for ac/heat upstairs has new mini split. Shop has new roof, two new mini splits and old furnace taken down in warehouse. Positioned along one of Delaware’s most traveled coastal corridors, this property benefits from strong daily traffic counts, excellent signage visibility, and proximity to Lewes, Rehoboth Beach, and surrounding resort communities. Property Highlights: Two commercial buildings totaling approximately 5,400 SF Direct Route 1 ingress and egress

Property profile
Verified
Property type Flex space
Year built 24
UPID US17-Q000309
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lennox Stores (Parts Plus) Hardware & Home Improvement Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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