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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

17326 Coastal Hwy Lewes, DE 19958

0.43 ac lot Built 1970
Property ID
US17-0099425
Property summary
AI-generated overview

This exceptional investment opportunity presents a portfolio of four distinct retail buildings situated on a 0.43-acre lot at 17326 Coastal Highway in Lewes, Delaware. The property boasts significant frontage on Route 1, near the highly trafficked 5 Points intersection, ensuring excellent visibility and accessibility. Currently, four established businesses—a hair salon, flower shop, pool company, and accounting firm—occupy the buildings under long-term leases, generating a substantial annual income of approximately $96,000. The property features an ample paved parking lot, providing convenient parking for customers and employees. All utilities are connected, including public sewer and water. This turnkey investment offers a stable income stream with the potential for future appreciation. The recent return to the market is due to circumstances beyond the seller's control, presenting a rare chance to acquire a well-established, high-performing retail property in a prime Lewes location. The property's strong tenant occupancy and consistent income make it an attractive proposition for investors seeking a reliable and profitable addition to their portfolio. The strategic location and ample parking further enhance the property's value and appeal. This is a truly exceptional opportunity not to be missed.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1970
Lot 0.43 ac (18,731 SF)
UPID US17-0099425
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
  • Cristina Caldarus BeautyPro/ Microblading Hair Salon
  • Floral 302 and Flowers On Savannah (Bike/Boat/Book/etc) Store Florist
  • Premier Tax & Accounting Inc Consultant
  • Salon Pink Hair Salon Nail Salon
  • Gold Star HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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