109 W Market Street, Lewes, DE 19958

$1,295,000
List Price
$1,295,000
Days On Market
27
Status
ACTIVE
MLS#
DESU159092
Lot Size (Acres)
0.04
Year Built
1850
County
Sussex
School District
Cape Henlopen

Property Description

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!

Additional Information

Area
Lewes Rehoboth Hundred (31009)
Subdivision
None Available
Taxes
$689
Stories
2
School District
Cape Henlopen
Elementary School
Shields
Middle School
Beacon
High School
Cape Henlopen
Flooring
Hardwood, Tile/Brick
View
Canal, Street, Park/Greenbelt
Heating
Heat Pump(s)
Heating Fuel
Electric
Cooling
Central A/C
Roof
Metal
Utilities
Cable TV Available, Phone Available, Sewer Available, Water Available
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty.