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.
Listing Courtesy of: RE/MAX Realty Group Rehoboth (302) 227-4800
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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 Details
Location Information+
County
SUSSEX-DE
Cross Street
Savannah Road
Latitude
38.77527386
Longitude
---
MLS Area
Lewes Rehoboth Hundred (31009)
Directions
From Savannah Rd, turn onto 2nd St, property on left
Interior Features+
Heating
Baseboard - Electric, Heat Pump(s)
Heating Fuel
Electric
Cooling
Central A/C, Multi Units, Electric
Water Heater
Electric
Total Number of Units
1
Accessibility
None
Exterior Features+
Stories
2
Is New Construction
No
Construction
Block, Frame
Foundation
Slab
Septic or Sewer
Public Sewer
Has Garage
No
Parking Spaces
---
Site Description
Business District
Lot Size in Acres
0.07
Lot Size in Sq. Ft.
3,049
Dimensions
28.00 x 95.00
Zoning
TN
Building Total Area (Sq. Ft.)
3,180
Has Waterfront
No
Has Water Access
No
School+
School District
CAPE HENLOPEN
Additional Information+
ListDate
2026-06-20 00
Possession
Settlement
Property Type
COM
Property SubType
Commercial Sale
Year Built
1850
Status
Coming Soon
Tax Year
2025
Tax Amount
$2,951.81
Ownership Interest
Fee Simple
Business Type
Apartment Building, Flex, Other/General Retail, Professional, Other