A rare commercial investment opportunity is now available in one of Sussex County’s most sought-after markets. Located at 1201 Savannah Road, in Lewes, Delaware, this mixed-use shopping center offers nearly 9,000 square feet of commercial space in a high-traffic corridor. Priced at $3,800,000, this property presents an excellent opportunity for investors seeking immediate income and long-term appreciation in the heart of Delaware’s coastal market.
Established Shopping Center with Immediate Income
The property spans approximately 8,974 square feet, built across a 1.3-acre lot, and features ample parking with space for 40 vehicles. Currently operating as a multi-tenant shopping center, the property is already generating immediate rental income from existing tenants. Zoned B-1 Commercial, the property supports a wide variety of uses, including retail stores, professional services, restaurants, and specialty shops. Its flexible layout and multiple suites offer further leasing potential or reconfiguration to meet changing market demands.
Constructed with durable materials such as brick, block, and concrete, the building has been well-maintained and is equipped with central air conditioning, accessibility features, and shared well and septic utilities. With an established tenant base in place, this asset presents investors with a turnkey opportunity to secure cash flow from day one.
A Coveted Location in the Heart of Lewes
Strategically situated on Savannah Road, the shopping center benefits from exceptional visibility and access, positioned at the corner of Donovan’s Road and just minutes from the historic district of Lewes. The site is east of Route 1, Delaware’s major north-south coastal highway, providing access to year-round local traffic and seasonal tourism heading to Lewes Beach, Cape Henlopen State Park, and Rehoboth Beach.
Lewes has experienced consistent growth in both population and business development, driven by its vibrant downtown, thriving residential communities, and status as a favored coastal destination. Local and national retailers alike are establishing a presence in the area to serve the expanding year-round population and the influx of summer visitors.
Investment Potential in a Growing Coastal Market
The Lewes area continues to attract new residents, businesses, and tourists, making it one of the most stable and desirable real estate markets in Southern Delaware. This commercial property offers investors the chance to capitalize on Lewes’ economic growth, while also enjoying the benefits of an existing tenant mix and the potential for future lease expansion.
With the Cape Henlopen School District nearby and the town’s walkable charm, the property is positioned to serve both local shoppers and tourists seeking retail, dining, or professional services.
Contact the Keith Walpole Group for Details
For more information about this unique investment opportunity or to schedule a tour, contact the Keith Walpole Group at R&R Commercial Realty today.
208 West Market Street, Georgetown, DE 19947 | (302) 674-3400 (office) | (302) 236-7053 (cell) | keithwalpole@yahoo.com