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… Read More 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. Read Less
Courtesy of Debbie Reed, RE/MAX Realty Group Rehoboth 302-227-4800
Listing Snapshot
Days Online
98
Last Updated
Property Type
Commercial
Square Ft.
3,180
Lot Size
0.07 Acres
Year Built
1850
MLS Number
DESU2112074
Additional Details
Building
Built in 1850, 2 stories, Construction Materials: Block, Frame
Cooling
Central A/C, Multi Units
Accessibility Features
None
Foundation
Slab
Heating
Baseboard - Electric, Heat Pump(s)
Income
Gross ScheduledIncome: $74,400
Lot
0.07 acres, Dimensions: 28.00 x 95.00
Sewer
Public Sewer
Taxes
Annual Amount: $2,951.81, Year: 2025, Zoning: TN
Utilities
Water Source: Public
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