$5,900,000
209 MONROE AVENUE Lewes, DE 19958
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$5,900,000
Est. payment /mo
8,600 SqFt
Active
209 MONROE AVENUE Lewes, DE 19958
UPDATED:
09/20/2024 02:18 AM
Key Details
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Active
Purchase Type For Sale
Square Footage 8,600 sqft
Price per Sqft $686
MLS Listing ID DESU2070702
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $1,575
Tax Year 2023
Lot Size 2.890 Acres
Acres 2.89
Lot Dimensions 500x
Property Description
Attention Developers, Investors, Retailers, and Tourism-Based Businesses: A prime opportunity awaits with 3 acres of developable land for sale in Lewes, DE, located at a brand-new full movement intersection at the NE corner of Freeman Highway and Monroe Avenue. This strategic location is surrounded by thriving residential neighborhoods in a high-demand demographic area. Positioned less than 1/2 mile from downtown Lewes, the Cape May-Lewes Ferry, and Cape Henlopen State Park, the property offers excellent access to both local residents and tourists alike. The area is amenity-rich, with proximity to popular restaurants and retailers, making it ideal for retail, mixed-use/residential development or hospitality ventures. This is a rare chance to invest in one of Delaware’s fastest-growing and most desirable coastal markets.
This +/-2.90ac property is commercially zoned land (GC – General Commercial) within the City of Lewes town limits and is currently improved by a single story, +/-8,600sf tenanted building. Per the City of Lewes Zoning Code, the property has no side/rear setbacks, is not part of a water recharge area, with a 40’ (3-stories) maximum height- restriction.
Current owner has submitted proposed development plans (pending final approvals) which include the addition of a new 15,000sf building, comprised of: 6,000sf for two-story restaurant* including deck and patio areas; and 9,000sf of retail space, and renovations to the existing 8,600sf building. *Separate conditional use approval by the City of Lewes is required for use of the 2nd floor of restaurant portion of the building for restaurant seating.
Preliminary Site Plans with conditions were preliminarily approved by the City on 4/10/2023. DelDOT/DRBA and City of Lewes entrance approvals are in place and a new full-motion traffic light and highway improvements to the Monroe Avenue at the Freeman Highway (Ferry Road) intersection are complete. Agency approvals including the Delaware Fire Marshal and Sussex Conservation District are pending final approval and Final Site Plan approval is expected to be obtained within 60-90 days (November-December, 2024).
This +/-2.90ac property is commercially zoned land (GC – General Commercial) within the City of Lewes town limits and is currently improved by a single story, +/-8,600sf tenanted building. Per the City of Lewes Zoning Code, the property has no side/rear setbacks, is not part of a water recharge area, with a 40’ (3-stories) maximum height- restriction.
Current owner has submitted proposed development plans (pending final approvals) which include the addition of a new 15,000sf building, comprised of: 6,000sf for two-story restaurant* including deck and patio areas; and 9,000sf of retail space, and renovations to the existing 8,600sf building. *Separate conditional use approval by the City of Lewes is required for use of the 2nd floor of restaurant portion of the building for restaurant seating.
Preliminary Site Plans with conditions were preliminarily approved by the City on 4/10/2023. DelDOT/DRBA and City of Lewes entrance approvals are in place and a new full-motion traffic light and highway improvements to the Monroe Avenue at the Freeman Highway (Ferry Road) intersection are complete. Agency approvals including the Delaware Fire Marshal and Sussex Conservation District are pending final approval and Final Site Plan approval is expected to be obtained within 60-90 days (November-December, 2024).
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning TN
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 20.0
Water Access N
View Pond, Scenic Vista
Accessibility Other
Total Parking Spaces 20
Garage N
Building
Lot Description Open, Road Frontage
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 335-08.12-80.00
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by BRITTANY DANAHY • DSM COMMERCIAL
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