22882 LEWES GEORGETOWN HIGHWAY
About This Property
Perfectly positioned in Georgetown, this parcel provides easy access to a variety of nearby towns and attractions. Just 15 miles to the east from the charming town of Lewes and 10 miles from downtown Milton. For those seeking convenience, the property is also a short drive from key points of interest, including the Georgetown Circle, Sussex County Courthouse, and local amenities like schools, healthcare facilities, and shopping centers.
With its strategic location along Route 9, a major thoroughfare connecting inland Delaware to its iconic coastal destinations, this commercially zoned lot is ideal for a range of ventures-whether it's a retail establishment, office space, or service-oriented business. The flat, open terrain of this approximately 1-acre parcel offers a blank canvas to bring your vision to life, all while benefiting from high visibility and steady traffic flow. Don't miss your chance to invest in a property with such promising potential in the heart of Sussex County!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2026 | Sold | ||
| Sold | |||
| Apr 23, 2026 | In contract | - | |
| In contract | |||
| Jan 20, 2026 | Relisted | $235,000 | |
| Relisted | |||
| Nov 3, 2025 | In contract | - | |
| In contract | |||
| Oct 13, 2025 | Price Decreased |
$235,000
↓ $15K
(6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017