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109 W Market St, Lewes, DE 19958
2 Beds
4 Baths
2,304 sqft

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Have you been looking to own a once in a lifetime property in the heart of downtown, Historic Lewes? This rare, turnkey investment property is sure to amaze you and your financial advisor! The first-floor features a fully functioning restaurant & bar space with seating for 50+, which is currently leased for the next five years at $48,000 per year. The second-floor features two beautifully remodeled vacation rental apartments which produced more than $48,600 in rental income in 2019. Between the restaurant/bar and the two apartments, this property is projected to produce approximately $100,000 in annual income! Nestled in the middle of Historic Lewes' shopping and restaurant district, this property is a stone~s throw from the Lewes & Rehoboth Canal and just a short walk or bike ride to Lewes Beach. This 1850's built property is also situated only one block away from The Lewes Canalfront Park & Marina. If you are tired of the volatility of the stock market, looking to diversify your investment portfolio, or you want to have a place of your own in Historic Lewes, then you owe it to yourself to visit this historic 1850's gem!
  • Price:
  • $1,295,000
  • Bedrooms:
  • 2
  • Full Baths:
  • 4
  • Square Footage:
  • 2,304
  • Acreage:
  • 0.04
  • Year Built:
  • 1850
  • Listing ID #:
  • DESU159534
  • Street Address:
  • 109 W Market St
  • City:
  • Lewes
  • State:
  • Delaware
  • Postal Code:
  • 19958
  • County:
  • Sussex
  • Community:
  • Lewes Rehoboth Hundred (31009)
  • Subdivision:
  • None Available
  • Listing Status:
  • Active Under Contract
5
out of 5

Shields (richard A.) Elementary School
Public
K-5
550 students
18 student/
teacher
4
out of 5

Beacon Middle School
Public
6-8
580 students
14 student/
teacher
4
out of 5

Cape Henlopen High School
Public
9-12
1241 students
15 student/
teacher
  • Building Security:
  • Smoke Detector
  • Dwelling Type:
  • Detached
  • Ease Of Access:
  • Mobility Improvements
  • Finished Above Ground Square Footage:
  • 2304
  • Finished Square Feet:
  • 2304
  • Flooring:
  • Hardwood, Tile/Brick
  • Foundation:
  • Concrete Perimeter
  • Furnished:
  • Yes
  • Historic Building:
  • Yes
  • Other Buildings:
  • Above Grade, Below Grade
  • Square Footage Source:
  • Estimated
  • Stories:
  • 2
  • Style:
  • Colonial
  • Total Building Square Footage:
  • 2304
  • Type Of Roof:
  • Metal
  • View:
  • Canal, Park/Greenbelt
  • Year Built:
  • 1850
  • Year Built Source:
  • Public Records
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Commercial And Residential
  • Lot Square Footage:
  • 1742.00
  • Days On Market:
  • 56
  • Originating Mls:
  • Bright
  • Special Conditions Of Sale:
  • Standard
  • Terms:
  • Cash, Conventional
  • Building Name:
  • None Available
  • District:
  • East Of Rt 1
  • Street Direction Prefix:
  • W
  • Street Type:
  • Street
  • Subdivision:
  • None Available
  • County Taxes:
  • 65.00
  • Price Per Square Foot:
  • 562.07
  • Property Taxes:
  • $689
  • Tax Year:
  • 2019
  • Full Bathrooms On Main Level:
  • 2.00
  • Full Bathrooms On Upper Level:
  • 2
  • Total Rooms:
  • 9
  • Parking Type:
  • On Street
  • Pool Description:
  • No Pool
  • Cooling Fuel:
  • Electric
  • Cooling System:
  • Central A/C
  • Electricity:
  • Circuit Breakers
  • Existing Water:
  • Public
  • Heating:
  • Heat Pump(s)
  • Heating Fuel:
  • Electric
  • Sewage Type:
  • Public Sewer
  • Water Heater:
  • Electric
  • Water Body Type:
  • Canal
  • Water Name:
  • Rehoboth / Lewes Canal
  • Water View:
  • Yes
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Keller Williams Realty
  • © 2020 BRIGHT, All Rights Reserved BRIGHT
  • Schools information provided by ATTOM

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