200 REHOBOTH AVE Rehoboth Beach, DE 19971 -- MLS# DESU2035828 Real Estate

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200 REHOBOTH AVE

Rehoboth Beach, DE 19971

UNDER

CONTRACT

$2,495,000

Under Contract

0.11

Acres

1916

Yr. Built

MLS# DESU2035828

Listed on site 171 days since April 6th, 2023

Property Details

Prime corner and highly desired commercial location at the intersection of Rehoboth Avenue and 2nd Street! Just 2 blocks from the beach and directly across from the new Coastal Hotel (extension of Hilton), this premier commercial space consists of 4 retail units that generate approximately $125,000 of revenue annually. Numerous recent upgrades were completed in 2020 and include new floors, interior walls, lighting, entrance doors, ADA bathroom, two new A / C units, and a new heat pump. In 2021 three new hot water heaters were installed. In 2022, two furnaces were replaced with high-efficiency units. Unit A (Charmed City Run) has exclusive use of the rear door, parking space, and attic for storage. Unit B (Gel Z Art) includes 2 large windows on Second Street, a back room, and half bath. Unit C (204 Rehoboth Ave - Into the Mystic) includes a small storage closet and half bath. Unit D (Coastal Hobo) includes a rear access door and a 4,000 SF basement with high ceilings for storage. Excellent investment opportunity!

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Property Highlights

Status

Under Contract

Price

$ 2,495,000

Property Type

Commercial Sale

Acres

0.11

Year Built

1916

Location

Lot Description

Corner

County

SUSSEX

Water View

Water Front

Heating, Cooling & Utilities

Heating

Heat Pump(s), Zoned, Baseboard - Hot Water

Cooling

Central A/C, Multi Units, Window Unit(s)

Heating Fuel

Electric, Propane - Leased

Navigable Water

Sewer/Septic

Public Sewer

Features

Location Type

Business District

Building Details

Parking

Private

New Construction

Exterior Construction

Vinyl Siding

Exposure

Metal

Taxes & Terms

Ownership Interest

Fee Simple

Taxes

$3,083

Ownership Interest

Fee Simple

Potential Short Sale

Standard

Listed by Jack Lingo - Rehoboth. Listing Data last updated 25th September, 2023 09:00 MST

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Property History

171 days ago

Property Listed

102 days ago

Date of last price change

11 days ago

Property info last updated

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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information on this site was last updated 25th September, 2023 09:00 MST. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of BRIGHT MLS. Real estate listings held by brokerage firms other than Long And Foster, may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

Listing Data last updated: 25th September, 2023 09:00 MST

200 REHOBOTH AVE - MLS#DESU2035828 - $2,495,000

Listed by Jack Lingo - Rehoboth, Bryce Lingo

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