Save to Favorites
Print
Share
PRICE $5,900,000 dsIDX morgage calculator
SIZE 8,600 sqft
LOT SIZE 2.89 ac

Attention Developers, Investors, Retailers, and Tourism-Based Businesses: A prime opportunity awaits with 3 acres of developable land for sale in Lewes, DE, located at a brand-new full movement intersection at the NE corner of Freeman Highway and Monroe Avenue. This strategic location is surrounded by thriving residential neighborhoods in a high-demand demographic area. Positioned less than 1/2 mile from downtown Lewes, the Cape May-Lewes Ferry, and Cape Henlopen State Park, the property offers excellent access to both local residents and tourists alike. The area is amenity-rich, with proximity to popular restaurants and retailers, making it ideal for retail, mixed-use/residential development or hospitality ventures. This is a rare chance to invest in one of Delaware's fastest-growing and most desirable coastal markets. This +/-2.90ac property is commercially zoned land (GC - General Commercial) within the City of Lewes town limits and is currently improved by a single story, +/-8,600sf tenanted building. Per the City of Lewes Zoning Code, the property has no side/rear setbacks, is not part of a water recharge area, with a 40' (3-stories) maximum height- restriction. Current owner has submitted proposed development plans (pending final approvals) which include the addition of a new 15,000sf building, comprised of: 6,000sf for two-story restaurant* including deck and patio areas; and 9,000sf of retail space, and renovations to the existing 8,600sf building. *Separate conditional use approval by the City of Lewes is required for use of the 2nd floor of restaurant portion of the building for restaurant seating. Preliminary Site Plans with conditions were preliminarily approved by the City on 4/10/2023. DelDOT/DRBA and City of Lewes entrance approvals are in place and a new full-motion traffic light and highway improvements to the Monroe Avenue at the Freeman Highway (Ferry Road) intersection are complete. Agency approvals including the Delaware Fire Marshal and Sussex Conservation District are pending final approval and Final Site Plan approval is expected to be obtained within 60-90 days (November-December, 2024).

DAYS ON MARKET 81 LAST UPDATED 9/17/2024
YEAR BUILT 1950 COMMUNITY Lewes Rehoboth Hundred (31009)
COUNTY SUSSEX STATUS Active
PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AREA Lewes Rehoboth Hundred (31009)
LOT 2.89 acre(s)
LOT DIMENSIONS 500x
SEWER Public Sewer
TAXES 1575
VIEW Yes
VIEW DESCRIPTION Water, Pond
WATER Public
WATERFRONT DESCRIPTION Pond
ZONING GC (General Commercial) within the City of Lewes town limits
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
I
*Estimate only

SATELLITE VIEW



 
CONTACT US ABOUT 209 MONROE AVENUE EXT
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Dave McCarthy to contact you even if your name is on a Federal or State "Do not call List".

Listing provided by DSM COMMERCIAL

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 2024 Sussex County Association of REALTORS®, Inc.

This IDX solution is (c) Diverse Solutions 2024.