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330 SavannahLewes, DE 19958Price: $2,350,000

  • Price: $2,350,000
  • 11 Days on Market
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Federal 30-year interest rate: 3.05% last updated on Oct 14, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $2,350,000List Price
  • 0.22Acreage
  • 1914Year Built

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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,go to savannahinnlewes.com and view the video.

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Listed by Ron Ladue of Delaware Coastal Realty

Copyright 2021 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Real McCoy Team | Coldwell Banker Residential Brokerage participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated October 15, 2021. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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