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Listed by Debbie Reed • RE/MAX Realty Group Rehoboth
$2,295,000
Est. payment /mo
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID DESU2112074
Year Built 1850
Available Date 2026-06-26
Annual Tax Amount $2,951
Tax Year 2025
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 28.00 x 95.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Rare investment opportunity in the heart of Historic Lewes, Delaware. Situated on picturesque Second Street in one of the area's most desirable and walk-able commercial districts, this mixed-use property offers a unique combination of retail and residential income in a premier downtown location. The building consists of four fully leased units, including two commercial spaces on the first floor and two residential apartments on the second floor. Unit 128 is occupied by a well-established florist, while Unit 130 serves as a retail storefront. Above, Unit 126 is a spacious two-bedroom, one-bath apartment with a private entrance from Second Street, and Unit 121 is a studio apartment with separate rear access. All four units are fully rented, generating approximately $74,000 in annual rental income. Sale includes real estate only; businesses are not included in the transaction. Positioned just blocks from the Lewes-Rehoboth Canal, Delaware Bay beaches, restaurants, shops, and attractions, this property offers investors the opportunity to own a fully occupied income-producing asset in one of Delaware's most sought-after coastal markets. Whether expanding an investment portfolio or securing a landmark downtown property with long-term appreciation potential, opportunities like this are rarely available in Historic Lewes.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning TN
Interior
Hot Water Electric
Heating Baseboard - Electric, Heat Pump(s)
Cooling Central A/C, Multi Units
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 335-08.08-39.00
Ownership Fee Simple
Special Listing Condition Standard
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Nearby School & Business
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