Skip Faust
302-227-5000

Skip Faust

Your Premier Real Estate Agent

Skip Faust
302-227-5000

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Our real estate company has kept pace, adapting to rapid growth and a changing economy while maintaining exacting standards and integrity. Please explore the resources within this website, and contact me with any questions or comments.

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Featured Property
Properties I've Sold (58) 
Beds:
4
Baths:
3 Full/1 Half
Sq.Ft.:
1,630
Status:
Active
MLS#:
DESU128680
Type:
Single Family, Single Family-Detached
Subdivision:
None Available
Lot size:
0.6 Acres
Year built:
1955
Courtesy: COLDWELL BANKER RESORT REALTY - R
Last Updated: 9/16/2019 3:30 AM

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).