330 SAVANNAH

LEWES, DE, 19958

$2,350,000

$415 per ft²
$2,350,000
$415 per ft²
Active
Active
 - For Sale
carpenters-square
5,661 ft²
property_type
Commercial
calendar
Built 1914
The historic Savannah Inn in downtown Lewes, Delaware is available to purchase. Built in 1914, the Inn has been completely renovated and refurnished the past couple years. Additionally a full fire suppression sprinkler system for the entire building has been installed for safety. With 5,661 finished square feet in the main home, the Inn offers 6 bedrooms and an expansive guest common area. Each bedroom has an en suite full bath and its own controlled HVAC system - all separate from the main common area system and installed in 2020. One bedroom is a suite complete with living room, sunroom, steam shower and private entrance from the rear deck. This “suite” is probably bigger than many big city apartments. Multiple sitting areas, a gourmet kitchen, front wraparound porch and back sitting porch complete the main structure. In addition, there is a detached two car garage with a finished room and half bath above that can accommodate small gatherings sited adjacent to an outside garden and patio. Renovated and decorated in a style best described as “Coastal elegance” guests enjoy warm and welcoming accommodations in a setting only two blocks from the downtown shopping and restaurants. Lewes, founded in 1631 and named the best small town in the U.S. attracts tens of thousands of visitors each year and the Inn represents one of the most sought after choices to stay in town. The Inn is so popular that nearly seventy percent of guests are repeat guests coming year after year for one of Lewes’ multiple promotional events. Many often make their reservations for the following year prior to leaving from their current stay. Sold fully furnished including all necessary operating equipment and house wares, the sale also includes the extensive web site, booking sites, art and food/drink inventory. Gross income for 2021 in excess of $350,000. Similar self managed B&B’s report as much as a 50% net profit. Anywhere close could return substantial rate of return on investment as well as luxurious living quarters. Full inventory list and disclosures are on line. Financial information is available with a signed non-disclosure document. Live in one of the bedrooms or manage from afar, this is a once in a lifetime opportunity! For an additional appreciation of this fabulous property, check out the owner's web sight.
MLS® ID:
DESU2007774
Updated:
8/17/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Ceramic Tile, Hardwood
Cooling
Central A/C
Heating
Forced Air, Zoned

Exterior/Building Features

Lot Size
9,583 ft² lot
Lot Details
Landscaping, Level, Rear Yard, Vegetation Planting
Roof
Architectural Shingle
Sewer
Public Sewer

School Information

School District
CAPE HENLOPEN

Other Property Details

Area Name
Lewes Rehoboth Hundred (31009)
Taxes
$3308.00
Tax Frequency
per YEAR
Garage
No
Parking
Paved Parking
View
N
County
SUSSEX
Water Source
Public
Pool
No
Zoning
CITY OF LEWES

Courtesy of Delaware Coastal Realty

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s), the owner of this website, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 11:30 PM UTC, 8/17/22

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