Property Listing No Longer Available for Sale

750 Kings Highway 3 & 4, Lewes, DE

Others for Sale - $850,000 - 1.61 acres


Property Info

CIMLS#1100038
Location
  750 Kings Highway 3 & 4
  Lewes DE 19958
UpdatedFebruary 16th, 2022
TypeOthers
Price$850,000
Land1.61 acres

Property Description

IMMEDIATE OCCUPANCY AVAILABLE AT THE GATEWAY TO LEWES, a medical & professional hub. This property is owned by Kingstown, LLC; and previously leased to Cape Surgical Associates. As a result of Cape Surgical Associates integration with Beebe Healthcare, the current tenant of the 3,100 sq ft space is Beebe Healthcare. The current $49,200 annual lease is valid through July 2022. Beebe Healthcare is willing to terminate their lease rights for a buyer, owner occupant of the space. There is a total of 10 office condominium units in Kings Way Professional Center. Suite 103 is two, separate legal condominium entities; each deeded separately. As such Suite 103, with two front door, is easily divided (in order to be sold separately) or leased to multiple tenants. Fire Marshall regulations require a fire escape be installed in order to utilize the second floor for anything other than storage. $250 per month, per unit HOA fee covers master insurance, parking lot maintenance, common area maintenance & beautification, and snow removal. Fleeting Investor or Owner Occupant Opportunity.


Financials


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