251 Rehoboth Ave, Rehoboth Beach, De 19971
$5,990,000 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.
Contact Jack Lingo
Essentials
MLS Number
Desu2075478
List Price
$5,990,000
Standard Status
Active
Year Built
1955
New Construction
N
Property Type
Commercial Sale
Waterfront
N
Location
Address
251 Rehoboth Ave, Rehoboth Beach, De
Acres
0.44
Interior
Heating
Forced Air
Heating Fuel
Propane - Leased
Cooling
Central A/c
Hot Water
Tankless, propane
Interior Features
Appliances
Additional Information
Listing courtesy of Coldwell Banker Realty.