Skip Faust
302-227-5000
FOR SALE
$539,900

1204 Savannah Road
Lewes, DE 19958

Single Family, Single Family-Detached
Residence
4
Beds
3
Baths
+
1 Half
1,630
Sq. Ft.
0.6
Acre Lot
1of
Photos
Map
Courtesy: COLDWELL BANKER RESORT REALTY - R
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).
DESU128680
Single Family, Single Family-Detached
4
SUSSEX
3 Full/1 Half
1955
0.6 Acres
Hot Water Heater, Electric Water Heater, Public Wa
Block, Concrete, Mason, Frame
Cesspool, Public Sewer
School Rating Out of 10
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Walk Score

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Courtesy: COLDWELL BANKER RESORT REALTY - R
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