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PRICE $2,400,000 dsIDX morgage calculator
SIZE n/a
LOT SIZE 1.45 ac

REDEVELOPMENT OR HOSPITALITY EXPANSION OPPORTUNITY! The Driftwood Motel is situated on the busy Route 1 corridor in Lewes, DE. The motel features 9 rooms that are rented on a weekly basis and remain consistently full. Gross rental income for 2021 was in excess of $211,000. The owner is currently limiting rentals to only full weeks. Additional income is likely available to an operator offering shorter term stays. The property is two parcels for a combined 1.45 acres boasting the coveted C1 commercial zoning.The motel is on public utilities. There is a residence towards the rear of the property that has been wellmaintained. There is currently no income on the home as the operator spends weekends there. This property is a great value add opportunity for a hotel/motel operator or as a redevelopment play along one of the busiest corridors in the state of Delaware. Showings available by appointment only with qualified buyer.

DAYS ON MARKET 199 LAST UPDATED 8/1/2022
YEAR BUILT 1980 COUNTY SUSSEX
STATUS Conditional PROPERTY TYPE(S) Commercial

SCHOOLS
School District CAPE HENLOPEN

PRICE HISTORY
Prior to Aug 1, '22 $2,200,000
Aug 1, '22 - Today $2,400,000


ADDITIONAL DETAILS
AIR Central A/C
AIR CONDITIONING Yes
CONSTRUCTION Frame, Mixed
HEAT Baseboard - Electric
HOA DUES None
LOT 1.45 acre(s)
SEWER Public Sewer
TAXES 1535.00
WATER Public
ZONING C1
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by SVN/Miller Commercial Real Estate

Based on information from Sussex County Association of REALTORS®, Inc., which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market.
Copyright 2022 Sussex County Association of REALTORS®, Inc.

This IDX solution is (c) Diverse Solutions 2022.