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209 Monroe Ave - Kings Highway / Freeman Highway Commercial 2.9 Acres of Commercial Land Offered at $4,250,000 in Lewes, DE 19958
INVESTMENT HIGHLIGHTS
- Prime Location/Visibility/Accessability to Historic Downtown Lewes
- Excellent Hospitality/Residential Redevelopment
- Preliminary Approvals for Retail/Restaurant Redevelopment
EXECUTIVE SUMMARY
Positioned less than 1/2 mile from downtown Lewes, the Cape May-Lewes Ferry and Cape Henlopen State Park, and at the junction of several bike trails, the property offers excellent access to local residents and tourists alike. The area is amenity-rich, with proximity to popular restaurants and retailers, making it ideal for retail development, commercial/residential mixed use and hospitality ventures. This is a rare chance to invest in one of Delaware’s fastest growing and most desirable coastal markets.
Note: “Dwelling unit, apartment in conjunction with commercial use and only on floors above street level”; City of Lewes, Table of Permitted Uses and Structures, General Commercial (GC) Sec. 197-Attachment 1.
PROPERTY FACTS Under Contract
| Price | $4,250,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 2.90 AC |
| Property Type | Land | ||
| Zoning | GC - General Commercial (City of Lewes). See attached permitted uses. | ||
| Price | $4,250,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 2.90 AC |
| Zoning | GC - General Commercial (City of Lewes). See attached permitted uses. |
1 LOT AVAILABLE
Lot
| Price | $4,250,000 | Lot Size | 2.90 AC |
| Price Per AC | $1,465,517.24 |
| Price | $4,250,000 |
| Price Per AC | $1,465,517.24 |
| Lot Size | 2.90 AC |
+/-2.90ac of commercially zoned land (GC- General Commercial) within the City of Lewes town limits. Property has +/-500' of frontage on Freeman Highway (Cape May/Lewes Ferry Road) with lake views.
DESCRIPTION
Sale of +/-2.90 acres of commercially zoned land (GC – General Commercial) within the City of Lewes town limits. The property is currently improved by a single story, +/-8,600sf tenanted building. Proposed, approved development plans include the addition of a new 15,000sf building, comprised of: 6,000sf for two-story restaurant* including deck and patio areas; and 9,000sf of retail space, and renovations to the existing 8,600sf building. Preliminary Site Plans with conditions were preliminarily approved by the City of Lewes on 4/10/2023. DelDOT/DRBA and City of Lewes entrance approvals are in place and a new full-motion traffic light and highway improvements to the Monroe Avenue at the Freeman Highway (Ferry Road) intersection are complete. Agency approvals including the Delaware Fire Marshal and Sussex Conservation District are final/approved and Final Site Plan approval was given July 16, 2025, with such approval expiring April 10, 2026 (extendable by application for one year, to April 10, 2027). Per the City of Lewes Zoning Code, the property has no side/rear setbacks, is not part of a water recharge area, with a 40’ (3-stories) maximum height- restriction. *(Separate conditional use approval by the City of Lewes is required for use of the 2nd floor of restaurant portion of the building for restaurant seating).
Presented by
209 Monroe Ave - Kings Highway / Freeman Highway Commercial
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