Rehoboth Beach & Lewes Delaware Real Estate
37156 Rehoboth Ave Ext., Suite 5, Rehoboth Beach, DE 19971 - Call: 302-745-0826 Cell

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

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200 REHOBOTH AVE
Rehoboth Beach, DE 19971
SOLD
$2,200,000
Sold
0.11
Acres
1916
Yr. Built
MLS# DESU2035828

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
Sold
Price
$ 2,495,000
Property Type
Commercial Sale
Acres
0.11
Year Built
1916

Location

Lot Description
Corner
County
SUSSEX
Water View
No
Water Front
No

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
No
Sewer/Septic
Public Sewer

Features

Location Type
Business District

Building Details

Parking
Private
New Construction
No
Exterior Construction
Vinyl Siding
Exposure
Metal

Taxes & Terms

Ownership Interest
Fee Simple
Taxes
$3,083
Financing
Seller
Ownership Interest
Fee Simple
Potential Short Sale
Standard
Listed by Jack Lingo - Rehoboth.
Listing Data last updated 06/13/2024 08:53 PM
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Property History

52 days ago
Property information last updated
182 days ago
Date Sold
365 days ago
Date of last price change
435 days ago
Status Active. This is the date the listing was placed on market.
NOTE: Cumulative Days on Market: 435. Data provided by the MLS.

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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 06/13/2024 08:53 PM. 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: 06/13/2024 08:53 PM
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