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109 W Market St, Lewes, DE, 19958

2beds
2baths
2,304sqft
$1,995,000
$866price/sqft
$11,008/moest. monthly cost
$440,320/yrincome needed

About This Home

Rare opportunity to own a piece of Historic Lewes! This mixed-use, commercial building includes a restaurant on the first floor (currently leased) and 2 residential units on the second floor. The two residential units have been recently updated. One is a spacious Studio with kitchenette and full bathroom. The second is a one bedroom, one bath appartment with full kitchen. The first floor is a leased restaurant with full kitchen and patio. Own a piece of historic Lewes!

Getting Around

64
WalkingSomewhat Walkable
0
TransitVery Limited Transit
65
BikeBikeable

Schools

--
Sussex ConsortiumGrades PK-120.5 mi
8/10
Cape Henlopen High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1850

Materials

  • Foundation: Concrete Perimeter
  • Roof: Metal
  • Construction materials: Batts Insulation,Concrete,CPVC/PVC,Glass,Tile,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Oven/Range - Electric,Microwave,Refrigerator,Electric Water Heater

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2

Features

  • Dry Wall
  • Flooring: Hardwood,Tile/Brick
  • Finished area below ground: 0
  • Finished area above ground: 2,304

Heating & Cooling

  • Heating features: Central
  • Cooling features: Ceiling Fan(s),Central Air

Interior Area

  • Total structure area: 2,304
  • Total interior livable area: 2,304 sqft

Property

Accessibility

  • Accessibility features: Mobility Improvements

Details

  • Parcel number: 33508.0830.00
  • Zoning: TN
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 1,742 sqft
  • Lot size dimensions: 37.00 x 51.00

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Cold Wave
    Cold WaveRelatively High
  • Hurricane
    HurricaneRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Cold Wave
Hurricane
Winter Weather
Inland Flooding
Tsunami

FEMA Declared Disasters Across Delaware Counties

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $10,087$121,044
Home Insurance *$152$1,824
Property Taxes $515$6,180
Electricity $254$3,057
Total$11,008$132,096
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$377,417/yr
40% on housing$330,240/yr
45% on housing$293,546/yr

Delaware FAIR Plan Programs

Insurance Placement Facility of Delaware

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,170Commercial: 57
Total Premiums$607,000
Total Exposure$249.53M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.6%
5.6%
0%30.0%
Electricity Growth Rate10-year average: 8.7%
8.7%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$866This listing

vs Other Active Listings

Avg $/sqft

ZIP 19958$255
Sussex County$246

vs Homes Sold Last Month

Median $/sqft

ZIP 19958
Sussex County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-08-21Listed for sale$1,995,000

For Sale by Agent

AgentMatt Kalogeras
BrokerageHouwzer

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