Sold
34521 Postal Ln
Lewes DE, 19958
$8,675,000
$123.93 per sqft
Sold
70,000 sqft
Commercial
Built in 2004
Dream of owning your own hotel or Inn. Does that dream include living at the beach. Here is your unique opportunity to own 93 room hotel, located between two amazing beaches. Directly in the middle of all the action Rt 1 has to offer with Lewes in one direction and the award winning beaches of Rehoboth Beach in the other. Fantastic restaurants, shopping, entertainment, golfing and so much more are right at your doorstep. This hotel/Inn is only open seasonally with the strong financials to back it up. But with some tender loving care and the right owner, this is definitely a year around gem just waiting to be polished. The hotel/Inn sits on more than 4 acres of land on what displays like it's own private island, with shopping, restaurants and entertainment within walking distance. There are 93 rooms which break down as follows. 48 Standard rooms each with 2 queen beds. 23 Balcony rooms each with 2 queen beds. 12 Family rooms each with 3 queen beds. 5 ADA compliant rooms with 2 queen beds each and 5 two (2) room suites. The building is 4 stories with a 2,000 sq ft basement. 5 stop elevator. Large pool with patio area and a small health room/cardio area. The building estimated around 70,000 sq ft and with all that it has to offer it has the potential to be one of the areas top accommodation attractions. Part of the rear lot is undeveloped and with the right permits there are some additional options to be had there as well. There is so much untapped potential here. With the right buyer/investor, the returns are there for the taking. Do not let this one get away. Call today for your private showing. More photos room and interior photos to come.
DESU142362
MLSⓇ ID
March 15, 2024
Updated
Map
34521 Postal Ln
Lewes DE, 19958
Interior Features
Interior Features
Elevator
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
4.13 Acres
Sewer
Public Sewer
Other Property Details
Taxes
$37,954
Tax Frequency
Annually
Days on Market
30
Garage
No
Parking Total
136
View
Yes
View Description
Golf Course, Street
County
SUSSEX
Water Source
Public
Pool
No
Listed by EXP Realty, LLC
Listing Contact: 3027451866
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Data last updated on 3/15/2024 at 7:45 PM UTC