18422 Coastal Hwy, Lewes, DE 19958
This exceptional office space presents a rare opportunity in the vibrant Lewes/Rehoboth Beach market. Located on Coastal Highway (Route 1), a high-traffic corridor boasting 60,000 average daily vehicles, this property offers unparalleled visibility. Situated within a brand-new, first-class building, this 1,795 square foot unit is the last remaining first-floor space in a 15,840 square foot development. The building features impressive 14-foot first-floor and 12-foot second-floor ceiling heights, creating a spacious and modern environment. Convenience is maximized with elevator and stair access to the second floor, including a dedicated rear stairwell. A free-standing Starbucks, also slated to open Summer 2024, will share the building, adding to the property's appeal and drawing significant foot traffic. The building's completion is anticipated for Summer 2024. This "vanilla box" space will be delivered with concrete floors, electrical systems, bathrooms, and HVAC already installed. The lease rate starts at $32 per square foot, with an estimated CAM of $3 per square foot. Ideal for office, retail, or any business prioritizing high visibility and accessibility, this location is truly exceptional. The 1.64-acre lot ensures ample space and parking. Don't miss this chance to secure a prime location in a thriving Delaware coastal community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.