MLS® ID: DESU128680

1204 SAVANNAH ROAD

LEWES, Delaware, 19958

$539,900 Active
  • 4 Beds
  • 3.5 Baths
  • 1088 SQFT
Sturdy Lewes Homestead with Medical / Professional Use Aspirations & Likelihood. Essentially new construction, completely rebuilt Lewes home being offered with two independent building lots, with Conditional Use Approval #2109 of record, and the near term availability of City of Lewes water & sewer. The combinations of opportunities are only as limited as the imagination and entrepreneurial spirit within. The gross rental potential of subject property: Residential long term lease $24,000 annually. Alternatively, notwithstanding the 966 sq ft of basement space, valued at a minimum of $5 per sq ft for conditioned storage space ($4,830 annually / $402.50 monthly) that should be incorporated in any commercial lease, levels 1 & 2 of the home is 1630 sq ft, if lease as finished medical space, at the market rate of $20 per sq ft = $32,600 annually ($2,716.67 monthly). This same 1630 sq ft lease as finished office space, at the market rate of $16 per sq ft = $26,080 annually ($2,173.33 monthly). Additionally, the garage and shed could generate $3,600-$4,800 annually ($300-$400 monthly).
Read More

Listing courtesy of COLDWELL BANKER RESORT REALTY - R

Amenities

  • Full baths
    3
  • Half baths
    1
  • Full Baths Range
    3+ Baths
  • Total Baths
    3.5
  • Zip
    19958
  • Office name
    COLDWELL BANKER RESORT REALTY - R
  • Subdivision
    NONE AVAILABLE
  • SQFT
    1088
  • Bedrooms
    4
  • Property type
    Residential
  • Zoning type
    AR1
  • School district
    CAPE HENLOPEN
  • Year built
    1955
  • Lot size
    0.6
  • Sewer
    Cess Pool,Public Sewer
  • Heating
    Forced Air
  • Agent name
    SKIP FAUST III
  • Purchase Type
    Active
  • Price Range
    $500k-$600k
  • Square Feet Range
    1000-1500 sq ft.
  • Bedrooms Range
    4 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    CBRRR
  • Agent ID
    3260242

Location

Virtual Tours

Have questions?

We can help.

Let's chat!

First Name
Last Name
Email
Phone
Best time to call

Success!

We'll get in touch with you soon.

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info