126 2ND STREET, LEWES, DE 19958
SUSSEX County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1850
Stories
2
Living Area
3,180 sq ft
Lot Size
0.07 acres
Lot Dimensions
28.00 x 95.00
Zoning
TN
Days on Market
1
MLS® Listing#
DESU2112074
Property Features
Appliances
Cooling
Heating
Parking
Construction
Foundation
Sewer
Water Source
Schools
- District:
- CAPE HENLOPEN
Financial Details
Annual Taxes
$2,952
Tax year 2025
Parcel Number
335-08.08-39.00
Directions
From Savannah Rd, turn onto 2nd St, property on left
Affordability Calculator
$459,000
Estimated monthly payment
$12,215/mo
Principal $1,836,000 · Est. interest $2,561,383 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in LEWES, DE
- $661,856
- Median Listing Price
- 86
- Median Days on Market
- 2,328
- Median Sq Ft
- $277
- Median Price / Sq Ft
- 366
- Active Listings
- This home’s price is 247% above the area median.
- Its price per sq ft is 160% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in LEWES, DE.
Location
Points of Interest in LEWES, DE
Showing the LEWES area map.
Nearby Schools
Bethel Christian School
School · 0.2 mi away
Sussex Consortium
School · 0.5 mi away
Lewes Elementary School
Elementary · 0.6 mi away
Cape Henlopen High School
Secondary · 1.3 mi away
Cape Henlopen School District
School · 1.5 mi away
Beacon Middle School
Secondary · 4.2 mi away
Epworth Preschool
School · 4.3 mi away
Sussex Consortium
School · 5.3 mi away
Rehoboth Elementary School
Elementary · 5.3 mi away
Eagle's Nest Christian School
School · 7.9 mi away
Mariner Middle School
Secondary · 9.3 mi away
Milton Elementary School
Elementary · 9.4 mi away
Ho Brittingham Elementary School
Elementary · 9.5 mi away
Childrens Place Child
School · 10.2 mi away
Long Neck Elementary School
Elementary · 10.3 mi away
The Jefferson School
Elementary · 12.6 mi away
Ennis (Howard T.) School
School · 14.0 mi away
Delmarva Christian High School
Secondary · 14.0 mi away
Sussex Academy of Arts & Sciences
School · 14.0 mi away
Sussex Central High School
Secondary · 14.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 35 FILLY LANE, LEWES, DE | $1,649,990 | 5 | 5 | 4,207 |
| 165 TYLERS CIRCLE, LEWES, DE | $1,695,000 | 5 | 5 | 3,350 |
| 15 FILLY LANE, LEWES, DE | $1,699,000 | 4 | 4 | 3,000 |
| HOMESITE 82 FILLY LANE, LEWES, DE | $1,799,990 | 5 | 5 | 4,474 |
| 169 TYLERS CIRCLE, LEWES, DE | $1,799,999 | 5 | 5 | 3,350 |
| 43 DEVRIES CIRCLE, LEWES, DE | $1,895,000 | 4 | 4 | 2,995 |
Moving Cost Estimate
EXIT Agents in LEWES
Listing Courtesy: RE/MAX Realty Group Rehoboth - 3022274800