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2206 Coastal Hwy Dewey Beach, DE 19971-2315

OFF-MARKET Commercial real estate Google Maps
0.1 ac lot
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$2.10M
Range $1.89M – $2.31M (±10%)
Property ID US17-0145577

Property summary

AI-generated overview

This exceptional 1,620 square foot retail space presents a unique investment opportunity in the vibrant Dewey Beach commercial district. Situated on the highly visible southeast corner of Coastal Highway and Clayton Street, this single-tenant property boasts unparalleled exposure to significant foot and vehicle traffic. The entire 1,620 square feet is currently vacant, offering a blank canvas for a discerning tenant to create their ideal business space. The property's location within Sussex County ensures easy access to a thriving tourist market and a strong local customer base. This prime retail space is perfect for a variety of businesses seeking high visibility and a strategic location within a bustling coastal community. The property's size allows for flexible layout options, catering to a range of retail concepts. Its prominent corner location guarantees maximum brand exposure, attracting customers from both Coastal Highway and Clayton Street. This is an exceptional opportunity to establish a successful business in a highly sought-after location. The property's single-tenant occupancy simplifies management and provides a clear, straightforward investment. Don't miss this chance to secure a prime retail space in the heart of Dewey Beach. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.1 ac (4,251 SF)
Zoning code TN
APN 334-20.14-220.00
UPID US17-0145577

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.01M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.10M

Owner & transaction history

since 2022
Last sale
$1.9M
1 recorded transaction
2022
$1.9M

Zoning & alternative use

TN · Dewey Beach, DE

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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