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$ 5,990,000
Est. payment | /mo
4,106 SqFt
$ 5,990,000
Est. payment | /mo
4,106 SqFt
Key Details
Property Type Commercial
Sub Type Services
Listing Status Active
Purchase Type For Sale
Square Footage 4,106 sqft
Price per Sqft $1,458
MLS Listing ID DESU2075478
Originating Board BRIGHT
Year Built 1955
Annual Tax Amount $5,866
Tax Year 2024
Lot Size 0.440 Acres
Acres 0.44
Property Description
Incredible opportunity to own in a prime location in downtown Rehoboth Beach, one of the East Coast's most popular beach destinations. High-visibility site at the intersection of Rehoboth Ave and Lake Ave, a short distance from the beach. Both parcels are zoned C-1 and combined offer approximately 250 ft of frontage on Rehoboth Avenue and 260 ft on Lake Avenue. C-1 zoning allows for a wide range of commercial and residential uses. Currently there are two restaurant sites (one operational and leased), on-site parking, and a kiosk which is also leased. Details on building size, lot size, and construction year are estimated. This property offers zoning flexibility and existing rental income, making it an appealing option for developers or investors looking to maximize returns in a beachside market.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning TN
Interior
Hot Water Tankless, Propane
Heating Forced Air
Cooling Central A/C
Heat Source Propane - Leased
Exterior
Garage Spaces 19.0
Water Access N
Roof Type Built-Up,Flat
Accessibility 2+ Access Exits
Total Parking Spaces 19
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 334-14.17-83.00
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Listed by Whitney Jarvis • Coldwell Banker Realty