18276 Coastal, Lewes $1,999,999

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MLS#: 727154
Price: $1,999,999
Town: Lewes

Opportunity awaits a savvy investor. This turn-key operation is the first motel site on Rte 1 South between Rts. 9 and 24. Currently operating as a 9 unit efficiency motel with a separate 4 bedroom house and business office , the site is comprised of 1.45 acres of which more than half remains undeveloped. The current operation could be expanded or razed to make way for a larger multi-story motel. Investors with franchise opportunities would be wise to consider this property. In addition to capturing traffic from the north, the site is only blocks south of Kings Hwy, making it ideally located to capture ferry traffic coming from Cape May. Please schedule all appointments with the listing agent. No visiting the site without the owners permission and being accompanied by the listing agent.

Interior Features

Flooring: Carpet
Basement: Partially Finished
Heating: Forced Air
Cooling: Central A/c

Additional Details

Lot Size/Acres: 1.45
Lot Dimensions: 0
Year Built: 1960
Square Feet: 63162
Section: Between Rt. 1 & 113
School District: Cape Henlopen

Exterior Features

Exterior Type: Vinyl Siding
Roofing Type: Shingle-asphalt