1204 Savannah Road, Lewes, DE 19958

$550,000
4
BD
4
BA
1,630
SqFt
List Price
$550,000
Days On Market
69
Status
ACTIVE
MLS#
DESU128680
Bedrooms
4
Bathrooms
4
Full Baths
3
Half Baths
1
Living Area
1,630
Lot Size (Acres)
0.6
Style
Cape Cod
Year Built
1955
County
Sussex
School District
Cape Henlopen

Property 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).

Additional Information

Area
Lewes Rehoboth Hundred (31009)
Subdivision
None Available
Taxes
$920
Stories
2
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
School District
Cape Henlopen
Flooring
Hardwood, Tile/Brick
Garage
Yes
Garage Spaces
2
Heating
Forced Air
Heating Fuel
Oil
Cooling
Central A/C
Roof
Architectural Shingle
Water
Public
Sewer
Cess Pool, Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of COLDWELL BANKER RESORT REALTY - R.