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.
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Listing Snapshot
Price
$5,990,000
Days On Site
14 Days
Bedrooms
N/A
Inside Area (SqFt)
4,106 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.44 Acres
Year Built
1955
MLS® Number
DESU2075478
Status
Active
Property Tax
$5,866
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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