18282 Coastal Hwy, Lewes, DE 19958

*This property is active under contract - back up offers are accepted.* The Driftwood Motel is situated on the busy Route 1 corridor in Lewes, DE. The motel features 9 rooms that are rented on a weekly basis and remain consistently full. Gross rental income for 2021 was in excess of $211,000. The owner is currently limiting rentals to only full weeks. Additional income is likely available to an operator offering shorter term stays. The property is two parcels for a combined 1.45 acres boasting the coveted C1 commercial zoning. The motel is on public utilities. There is a residence towards the rear of the property that has been well maintained. Owner does not currently lease this building. Additional income can likely be generated through leasing this building - potential for multiple units. This property is a great value add opportunity for a hotel/motel operator or as a redevelopment play along one of the busiest corridors in the state of Delaware. SHOWINGS BY APPOINTMENT ONLY*  « show less

*This property is active under contract - back up offers are accepted.* The Driftwood Motel is situated on the busy Route 1 corridor in Lewes,...  show more »