skip-faust

Skip Faust
Office: 302-227-5000
Toll Free: 800-800-4134
Direct: 302-745-9000
Fax: 302-227-5008
E-mail: Skip@SkipFaust.com

Listing Details

Property Details

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).

This listing is based on information from Bright MLS, 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 Bright MLS may not reflect all real estate activity in the market.

Skip Faust
Office: 302-227-5000
Toll Free: 800-800-4134
Direct: 302-745-9000
Fax: 302-227-5008
E-mail: Skip@SkipFaust.com