DE
SUSSEX
REHOBOTH BEACH
19971
251 REHOBOTH AVENUE
251 REHOBOTH AVENUE, REHOBOTH BEACH, DE 19971
Listing Type
Commercial/Industrial
Listing Status
active
31
$5,990,000

Home Details for 251 REHOBOTH AVENUE

Price
$5,990,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
0.0
Square feet
NaN
Year built
1955
Lot size acres
0.44
County
SUSSEX
Garage
Days on site
89
MLS Listing#
DESU2075478
Listing Courtesy: Coldwell Banker Realty - 410-524-6111
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.

Property Features
  • Cooling Information
    • Central Air
    • Electric
  • Heating Information
    • Propane
    • Forced Air
  • Water Features
    • Public
  • Parking
    • Parking Lot
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Last Updated: 2024-12-21 00:30:11
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