1204 Savannah Road,  Lewes DE, 19958

(Active)
$550,000
|
4 beds, 3 Full/1 Half baths, 1,630 sqft
|
MLS# DESU128680
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Last Updated: 2/22/2019 8:45 AM
Description for 1204 Savannah Road Lewes, DE 19958
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).
Price
$550,000
None Available
SUSSEX
4
3 Full/1 Half
1,630 (approx)
DESU128680
Active
Description
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).
Listing Information
Property Type: Single Family, Cape Cod, 2 Story
4 3 Full/1 Half
0 0.6 Acres County Assessor
1,630 (approx) $337.42 1955
Yes-2 spaces Block, Concrete, Mason, Frame
None Available
Block
Common Hot Water Heater, Electric Water Heater, Pu
Cesspool, Public Sewer
Neighborhood
School Information
District: Cape Henlopen
Room Information
Bathrooms
3 1
Foyer
Master Bathroom
Formal
Eat-In Kitchen, Gourmet Kitchen
Interior Features
1,630 Sq. Ft. Above Ground
Microwave, Dishwasher, Disposal, Dryer, Self-Cleaning Oven, Electric Range/Cooktop, Refrigerator, Appliance Center, Washer
Hardwood, Tile
Central Air, Electric, Ceiling Fan(s)
Oil, Forced Air
Full
3
Open Floor Plan, Recessed Lights, Walk-in Closets, Wood Floors
Exterior / Lot Features
2 Garage Spaces, 14 Parking Spaces, Driveway
Frame, Concrete
Composition Shingle
160 x 150
AR1
Additional Lot(s), Back Yard, Front Yard
Financial Considerations
$920
2018
Listing Price History

Lewes Real Estate

Lewes is located in Delaware. Lewes, Delaware 19958 has a population of 3,010.

The median household income in Lewes, Delaware 19958 is $55,917. The median household income for the surrounding county is $53,505 compared to the national median of $53,482. The median age of people living in Lewes 19958 is 61.8 years.

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Courtesy: COLDWELL BANKER RESORT REALTY - R
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