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420 Savannah Rd

LEWES, DE 19958
  • $350,000
  • STATUS: Closed
  • ON SITE: 317 Days
  • ID#: DESU2047438
Sold - 01/02/2024
$350,000
SOLD - 01/02/2024
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Business Opportunity
Built:
1980
County:

School Ratings & Info

School District:

Description

BUSINESS FOR SALE! Prime beach tourist location and very successful 30+ year business opportunity in Lewes. 3400 square feet of retail space, plenty of parking, and very high AADT on Savannah Rd. This business is currently a full-service deli and convenience store including tobacco, ATM, and beach clothing and accessories establishment. The deli and clothing/beach accessory stores are separated by a wall, so this can be operated as independent businesses for the new operator (provided landlord agrees.) This convenience store is the highest lottery ticket sales shop in the county with extremely high owner revenue. Full financial disclosure with NDA. This is a business that will make you the income you desire from the first day of ownership. This business opportunity is for the business and does not include the real estate. Seller currently has a 5-year lease option with a number of options for a purchaser to extend their lease. (The purchaser will need approval from the landlord.) There are two offices, walk-in coolers, on floor ice cabinets, outside ice chest, air compressor, soda machines, shelving, serving counters, ATM machine. This establishment is fully stocked and ready to go. The lottery commission process generally takes 60 days so it is incumbent on the purchaser to make an application as soon as a contract is agreed upon so there is no lag in lottery sales to the public. Two blocks to the beach, two blocks to the canal, easy walk to the town center. Store inventory sold separately by agreement. PLEASE NOTE: This is a business for sale, NOT the Real Estate.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-07-17T19:52:01.777.
www.soldbybroc.com/homes/143061312
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420 Savannah Rd LEWES, DE 19958

  • Price: $395,000
  • Status: Closed
  • On Site: 317 Days
  • Updated: 144 min ago
  • ID#: DESU2047438
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1980
Built
Neighborhood:
Lewes Rehoboth Hundred (31009)
County:
Sussex
Area:
Lewes Rehoboth Hundred (31009)
School District:
Cape Henlopen
Property Description
BUSINESS FOR SALE! Prime beach tourist location and very successful 30+ year business opportunity in Lewes. 3400 square feet of retail space, plenty of parking, and very high AADT on Savannah Rd. This business is currently a full-service deli and convenience store including tobacco, ATM, and beach clothing and accessories establishment. The deli and clothing/beach accessory stores are separated by a wall, so this can be operated as independent businesses for the new operator (provided landlord agrees.) This convenience store is the highest lottery ticket sales shop in the county with extremely high owner revenue. Full financial disclosure with NDA. This is a business that will make you the income you desire from the first day of ownership. This business opportunity is for the business and does not include the real estate. Seller currently has a 5-year lease option with a number of options for a purchaser to extend their lease. (The purchaser will need approval from the landlord.) There are two offices, walk-in coolers, on floor ice cabinets, outside ice chest, air compressor, soda machines, shelving, serving counters, ATM machine. This establishment is fully stocked and ready to go. The lottery commission process generally takes 60 days so it is incumbent on the purchaser to make an application as soon as a contract is agreed upon so there is no lag in lottery sales to the public. Two blocks to the beach, two blocks to the canal, easy walk to the town center. Store inventory sold separately by agreement. PLEASE NOTE: This is a business for sale, NOT the Real Estate.
Exterior Features

Construction Materials BlockBrick Garage YN No Parking Types Parking Lot Property Condition Very Good Riparian Rights YN No Road Surface Type Black Top Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3400.00 Flooring Concrete Heating Central Heating YN Yes

Property Features

Accessibility Features Other Business Type Convenience Store/GasShopping CenterSupermarket/Grocery StoreOther/General Retail Buyer Financing Other Central Air YN No Current Use Convenience StoreClothingFood & BeverageRetail Heating Fuel Electric Historic YN No Hot Water Electric Navigable Water YN N New Construction YN No Original MLSNumber 802588437262 Ownership Interest Leasehold Possession Settlement Property Sub Type Retail Sale Type Standard Sewer Public Sewer Vacation Rental YN No Water Source Public Zoning C-1

Listing courtesy of Keller Williams Realty: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-07-17T19:52:01.777.
 
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Hanover PA, 17331