126 2nd St,LEWES, DE 19958
LEWES, DE 19958
Description
Rare investment opportunity in the heart of Historic Lewes, Delaware. Situated on picturesque Second Street in one of the area's most desirable and walk-able commercial districts, this mixed-use property offers a unique combination of retail and residential income in a premier downtown location. The building consists of four fully leased units, including two commercial spaces on the first floor and two residential apartments on the second floor. Unit 128 is occupied by a well-established florist, while Unit 130 serves as a retail storefront. Above, Unit 126 is a spacious two-bedroom, one-bath apartment with a private entrance from Second Street, and Unit 121 is a studio apartment with separate rear access. All four units are fully rented, generating approximately $74,000 in annual rental income. Sale includes real estate only; businesses are not included in the transaction. Positioned just blocks from the Lewes-Rehoboth Canal, Delaware Bay beaches, restaurants, shops, and attractions, this property offers investors the opportunity to own a fully occupied income-producing asset in one of Delaware's most sought-after coastal markets. Whether expanding an investment portfolio or securing a landmark downtown property with long-term appreciation potential, opportunities like this are rarely available in Historic Lewes.
Details
| MLS # | DESU2112074 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1850 |
| Days On Site | 78 |
| Listing Provided By | RE/MAX Realty Group Rehoboth | Debbie Reed |
Features
| Story(s) | 2 |
|---|---|
| Units | 1 |
| Zoning | TN |
| Acreage | 0.07 |
Interior
| Cooling | Central A/C, Multi Units |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric, Heat Pump(s) |
Exterior
| Construction Materials | Block, Frame |
|---|---|
| Foundation Details | Slab |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 2951.81 |
|---|
Area Information
| State | DE |
|---|---|
| County | SUSSEX DE |
| City | LEWES |
| Zip Code | 19958 |
| Area | Lewes Rehoboth Hundred (31009) |
| School District | CAPE HENLOPEN |
| Listing VS Median (in 19958) | |
Price: $2,295,000 low | high Med: $649,990 On site: 78 low | high Med: 157.5 | |
Market Activity 19958
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Learn More About This Property
| State | DE |
|---|---|
| County | SUSSEX DE |
| City | LEWES |
| Zip Code | 19958 |
| Area | Lewes Rehoboth Hundred (31009) |
| School District | CAPE HENLOPEN |
| Listing VS Median (in 19958) | |
Price: $2,295,000 low | high Med: $649,990 On site: 78 low | high Med: 157.5 | |
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