1204 SAVANNAH RD, Lewes, DE 19958
- 1,630 Sqft
Courtesy of: COLDWELL BANKER RESORT REALTY - R
- Number of bedrooms: 4
- Number of bathrooms: 3+
- Surface: 1,630 Sqft
- Property type: Residential
- MLS ID: DESU128680
- Status: For Sale
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).
- Neighborhood:None Available
Days on Market: 125
Year Built: 1955
Lot Size: 0.6
Style: Cape Cod
Accessibility Features:Ramp - Main Level
Appliances:Built-In Microwave, Dishwasher, Disposal, Dryer, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Washer - Front Loading, Water Heater
Interior Features:CeilngFan(s), Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Master Bath(s), Recessed Lighting, Upgraded Countertops, Walk-in Closet(s), Wood Floors
Virtual Tour Link:View Tour
Lot Features:Additional Lot(s), Rear Yard, Front Yard, Road Frontage
School District:Cape Henlopen
Sewer Access:Cess Pool, Public Sewer
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.
Updated: 19th July, 2019 4:09 PM.
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