330 SAVANNAH $2,350,000

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    330 SAVANNAH LEWES, DE 19958

    • 5,661 sq. ft.
    • 0.22 Acres
    • Commercial
    • MLS# DESU2007774
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    Views: 20 Days On Site: 19

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    Property Details

    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.

    • General Features
      • County SUSSEX
      • New Construction Y/N N
      • Sale Type Standard
      • Tax Annual Amount 3308.00
      • Tax Year 2021
      • Water Access Y/N N
      • Waterfront Y/N N
      • Year Built 1914
      • Zoning CITY OF LEWES
    • Building Features
      • Building Total SqFt 5661.00
      • Building Units Total 0
      • Cooling Fuel Electric
      • Cooling Type Central A/C
      • Flooring Type Ceramic Tile
      • Foundation Details Block
      • Garage Y/N N
      • Heating Fuel Electric
      • Heating Type Forced Air, Zoned
      • Sewer Septic Public Sewer
      • Total Garage And Parking Spaces 4
    • Property Features
      • Lot Size Acres 0.22
      • Lot Size Dimensions 57.00 x 169.00
    • Schools
      • School District CAPE HENLOPEN

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    Neighborhood

    19958 (LEWES) Demographics

    59 Median Age
    447 Population Density (per sq. mile)
    52% College Educated
    $73,647 Estimated Median Income
    10,182 Estimated Total Home Owners
    1,946 Estimated Total Renters
    84% / 16% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    26,235 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $520,000 Median Sales Price
    96 Homes Sold
    109 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,350,000
        10/5/2021 2:44:00 PM New in Database Source: Multiple Listing Service New Value: $2,350,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.