Address
18 The Circle Georgetown, DE
Price
$ 3,099,000
Property Attributes
  • MLS#DESU167124
  • TypeCommercial
  • CountySUSSEX
  • CityGeorgetown
  • AreaGeorgetown Hundred
  • Zip19947
  • StyleHotel/Motel,Restaurant/Bar
  • Year Built1836
  • Taxes$ 4038
  • Price$ 3,099,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage14000
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
R&R Commercial Realty
Data Source:
Bright MLS
Property Description

Income-producing seven-year lease in place with the State of Delaware. A once-in-a-lifetime opportunity this 1836 historic Hotel (The Brick) located in Georgetown, DE the circle. The Hotel went through many changes over the years but in 2008 was renovated back to a Hotel. History eludes from every corner of the Hotel. 14,000 +/- SF Well established Hotel (The Brick) with, the first floor consist of 2- dining rooms, lobby, tavern, 4 restrooms, front veranda facing the Circle, 2nd floor has nine guest rooms, sitting area, pergola, and rooftop terrace, the third floor has five guest rooms. The Brick has a side garden for weddings or just to wander in. Geothermal air, and heat, and eight instant hot water heaters. Two parcels Tax Id: 135-19.08-154.00 The Brick Tax Id: 135-19.08-146.01, West Market St./Love Lane does not convey the building that sits on it, just the land. There is a 99-year lease with the Layton family heirs for the building. Call listing agent for details.

Price History
8/19/2020 Listed $2,750,000

General Features

Accessibility 2+ Access Exits, Ramp - Main Level, Elevator
Business Type Hotel/Motel, Restaurant/Bar
Construction Materials Brick
Cool Fuel Electric
Cooling Geothermal
County SUSSEX
Days on Market 302
Heating Forced Air
Legal Subdivision GEORGETOWN HUNDRED
MLS Area Georgetown Hundred (31006)
New Construction No
Ownership Fee Simple
Possession Settlement
Property SubType Other
Property Type Commercial Sale
Sewer Public Sewer
Sussex DE Quadrants Between Rt 1 & 113
Tax Annual Amount 4038.0
Tax Lot 7
Tax Year 2020
Vacation Rental Y/N No
Water Access Y/N No
Zoning TN

Interior Features

Central Air Y/N No
Heating Fuel Electric
Heating Y/N Yes
Hot Water Propane

Exterior Features

Building Area Total 0.00
Car Parking Spaces 25
Lot Dimensions 120.00 x 124.00
Lot Size Acres 0.34
Lot Size Source Assessor
Lot Size Square Feet 14810.00
Navigable Water Y/N No
Total Parking Spaces 25
Type of Parking On Street, Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 19947

Price
AVG $420K
$3.1M
Taxes
AVG $1,038
$4,038
Visits
AVG 147
253
Year Built
AVG 1935
1836
Walkscore
AVG 61
75
Data Provided by Walkscore ® not using MLS data

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