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Rehoboth Beach,DE 19971
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,500 sqft
Price per Sqft $184
MLS Listing ID DESU2077840
Year Built 1974
Annual Tax Amount $3,808
Property Sub-Type Retail
Property Description
Prime retail space located directly on the Rehoboth Beach boardwalk! This is a rare opportunity to own 6,500 +/- sqft of oceanfront commercial space on the Rehoboth Beach boardwalk. Just steps away from the sandy beaches and Atlantic Ocean. This property is located on the ground floor of the well-maintained One Virginia Avenue condominium building. Property has the potential to be subdivided into multiple retail and/or office spaces. Current tenants have operated successfully at this location for over 25 years. . Earn 5% +/- ROI, benefit from bonus depreciation deduction, and enjoy superior appreciation from this unique oceanfront investment property. Call to schedule a showing.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning TN
Interior
Hot Water Electric
Heating Zoned,Heat Pump(s)
Cooling Central A/C,Ceiling Fan(s),Heat Pump(s)
Flooring Carpet,Concrete,Tile/Brick
Exterior
Utilities Available Cable TV,Phone Connected
Waterfront Description Sandy Beach
Water Access Y
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard