• 17501 Coastal Hwy, Lewes, DE 19958

For Sale

Special Purpose

For Sale

This property is available for sale
1.76
Acres
$2,500,000
Sale Price
  • Year Built
    1965
  • Total Building Size
    23,000 RSF
  • Overview

    Located on Coastal Hwy in Lewes, DE. Prime, high visibility exposure, Rt-1 C-1 highway business location with over 200 storage units with a 1200+-s/f office/retail space. This 1.8 acre facility has 112 foot of highway road frontage and is currently the only fully operational public storage facility with direct highway access for sale between Fenwick Island and Wilmington DE. Located 4/10ths mile south from 5-Points, and with a AADT count of approximately 55,000 off Rt-1 northbound access and 22,000 from Savannah Rd. The parcel includes a double stack and lighted billboard; fully leased and managed by Clear Channel, 5 apartments; 2 with two bedrooms, 3 with one bedroom, each with a bath and one of the apartments is double sized unit as the manager's apartment. Well, electric individually metered, county sewer. Plenty of parking, easy direct highway access. Facility consists of; 2 units-18x12, 71 units-18x9, 7 units-23x10, 20 units-23x9, 12 units-8x9, 42 units-4x9, 40 units-4x6, 10 units-6x8, 3 units-8x8, 2 units-8x8 (part of owner apartment,) and 2 units-20x20. Approximate 23,000 cumulative storage square footage does not include apartments. 1031 exchange opportunity. Facility is being sold 'as-is.'

Contact or Call

Property Details

Located on Coastal Hwy in Lewes, DE. Prime, high visibility exposure, Rt-1 C-1 highway business location with over 200 storage units with a 1200+-s/f office/retail space. This 1.8 acre facility has 112 foot of highway road frontage and is currently the only fully operational public storage facility with direct highway access for sale between Fenwick Island and Wilmington DE. Located 4/10ths mile south from 5-Points, and with a AADT count of approximately 55,000 off Rt-1 northbound access and 22,000 from Savannah Rd. The parcel includes a double stack and lighted billboard; fully leased and managed by Clear Channel, 5 apartments; 2 with two bedrooms, 3 with one bedroom, each with a bath and one of the apartments is double sized unit as the manager's apartment. Well, electric individually metered, county sewer. Plenty of parking, easy direct highway access. Facility consists of; 2 units-18x12, 71 units-18x9, 7 units-23x10, 20 units-23x9, 12 units-8x9, 42 units-4x9, 40 units-4x6, 10 units-6x8, 3 units-8x8, 2 units-8x8 (part of owner apartment,) and 2 units-20x20. Approximate 23,000 cumulative storage square footage does not include apartments. 1031 exchange opportunity. Facility is being sold 'as-is.'

  • Property Type
    Special Purpose
  • Year Built
    1965
  • Sale Price
    $2,500,000
  • Total Building Size
    23,000RSF
  • Total Acres
    1.76
  • Sale Status
    Available
  • Last updated
    Mar 17, 2020
  • Property ID
    2116456

Landlord's Sales Representative

  • William Lucks
    KW Commercial - Delaware Beaches