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Justin Heath

justin@sellinggreaterphilly.com +1(215) 808-7425

$ 2,000,000

Est. payment -/mo

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Pending

99 SUSSEX ST Rehoboth Beach, DE 19971

2,722 SqFt

UPDATED:

01/10/2025 01:03 PM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 2,722 sqft

Price per Sqft $734

MLS Listing ID DESU2050454

Originating Board BRIGHT

Year Built 1950

Annual Tax Amount $1,395

Tax Year 2023

Lot Size 0.326 Acres

Acres 0.33

Lot Dimensions 100x142

Property Sub-Type Other

Property Description

Calling all investors! If you've ever wanted to own 6 luxury efficiency apartments in the middle of Downtown Rehoboth Beach, this is your chance! The Pine Suites (formerly known as The Printz) is looking for its new owners. After being completely gutted and renovated, all units now feature a new roof, windows, doors, and flooring. The kitchens and bathrooms have also been completely updated, as well as all important systems, including HVAC, electrical, and plumbing. When we say renovated, we truly mean renovated! The ceiling has even been opened up for increased height! Located close to Grove Park, the Rehoboth Beach Farmers Market, and popular restaurants such as Dogfish Head and the Cultured Pearl, you can't beat this location. Only a few blocks away from the ocean and the famous Rehoboth Beach boardwalk, each unit has a rental projection of $1200 per week during peak season, $11,000 for seasonal rentals, and $1,400 per month for year-round rentals. Don't miss your chance to add these gorgeous new units to your investment portfolio. Schedule your private showing now!

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning TN

Interior

Hot Water Electric

Heating Other

Cooling Ductless/Mini-Split

Heat Source Electric

Exterior

Garage Spaces 8.0

Water Access N

Roof Type Shingle

Accessibility 2+ Access Exits

Total Parking Spaces 8

Garage N

Building

Lot Description Cleared

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Cape Henlopen

Others

Tax ID 334-13.20-151.00

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Listed by CARRIE LINGO • Jack Lingo - Lewes