For Sale
$4,000,000

33588 Old Salt Ln Lewes, DE 19958

Prime Coastal Restaurant & Marina

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
Exceptional investment opportunity: A fully approved 4,924+ sq ft restaurant pad and thriving marina are available for sale in Lewes, Delaware, for $4,000,000. The restaurant boasts approved plans for indoor and outdoor seating, including a second-level outdoor bar area, with a capacity of 237. A seasoned local operator is available to manage the business for the new owner. This property sits on 3 acres of land and is ideally situated in one of Delaware's fastest-growing areas, within 15 minutes of most Delaware beaches and attractions. The marina features 60 slips accommodating boats up to 35 feet, each with water access, and two gas pumps. A 6-foot boardwalk connects the slips directly to the restaurant pad. Love Creek was dredged in 2021. The marina benefits from its proximity to Delaware's scenic inland bays, numerous golf courses, and diverse dining options. The Indian River Inlet and the Atlantic Ocean are less than 10 miles away by boat. Pro forma estimates indicate a 10%+ cap rate. This combined restaurant and marina property presents a unique and lucrative investment opportunity in a highly desirable coastal location.

Highlights

  • $4,000,000 asking price for a combined bar, restaurant, and marina property.
  • 3-acre lot in Lewes, Delaware, Sussex County.
  • Fully approved 4,924+/- sq ft restaurant pad with 237-person capacity.
  • 60-slip marina accommodating boats up to 35 feet, featuring two gas pumps and water at each slip.
  • Owner financing may be available.

Property Details for 33588 Old Salt Ln

Property type
Specialty properties, Marinas
Lot Size (sq. ft)
130,680 SF

Location Insight

City
Lewes
County
Sussex
State
Delaware
Latitude
38.703008541418
Longitude
-75.162440141758

FAQs

What type of property is this?
Specialty property - Prime Coastal Restaurant & Marina
Where is the specialty property located?
The property is located at 33588 Old Salt Ln Lewes, DE.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: $4,000,000 asking price for a combined bar, restaurant, and marina property.; 3-acre lot in Lewes, Delaware, Sussex County.; Fully approved 4,924+/- sq ft restaurant pad with 237-person capacity.
How can I contact the broker?
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33588 Old Salt Ln
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