1204 SAVANNAH RD, LEWES, DE 19958 (MLS # DESU128680)

Price $550,000
Status Active
Beds 4
Baths 4 baths
Home size 1,630 sq ft
Lot Size 26,136 sqft
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).
Property Type(s): Single Family
Last Updated 2/6/2019 Tract NONE AVAILABLE
Year Built 1955 Community Lewes
Garage Spaces 2.0 County SUSSEX

SCHOOLS

School District CAPE HENLOPEN

Additional Details

AIR Central A/C
AIR CONDITIONING Yes
APPLIANCES Built-In Microwave, Dishwasher, Disposal, Dryer, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Washer - Front Loading, Water Heater
AREA Lewes
BASEMENT Full, Yes
CONSTRUCTION Block, Concrete, Frame, Masonry
GARAGE Yes
HEAT Forced Air
HOA DUES None
INTERIOR 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
LOT 0.60 acre(s)
LOT DESCRIPTION Additional Lot(s), Front Yard, Rear Yard, Road Frontage
LOT DIMENSIONS 160 x 150
SEWER Cess Pool,Public Sewer
STYLE Cape Cod
SUBDIVISION NONE AVAILABLE
TAXES 920.0
WATER Public
ZONING AR1

Location

 

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