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Justin Heath

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

$ 5,990,000

Est. payment -/mo

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Active

251 REHOBOTH AVE Rehoboth Beach, DE 19971

4,106 SqFt

UPDATED:

12/21/2024 05:07 AM

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 Sub-Type Services

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