$4,000,000
$4,000,000
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8,984 SqFt
SOLD DATE : 04/01/2021
Key Details
Sold Price $4,000,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 8,984 sqft
Price per Sqft $445
Subdivision North Rehoboth
MLS Listing ID DESU180288
Sold Date 04/01/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1960
Annual Tax Amount $4,047
Tax Year 2020
Lot Size 7,500 Sqft
Acres 0.17
Property Description
Prime location on Rehoboth Avenue and N. 1st Street, just one block from the Rehoboth Beach boardwalk and ocean. Property consists of two restaurant locations - 71 Rehoboth Ave (5,365 SF plus basement) and 8 N. 1st Street (3,619 SF plus basement). Street frontage consists of 50 feet on Rehoboth Avenue and 25 feet on 1st Street. As the Nations Summer Capital," Rehoboth Beachs population swells during summer months and is Delawares largest beach resort. Rehoboth Beachs population will exceed 100,000 in the peak season, while also being known as a year round destination for both business and pleasure by visitors from Washington, DC, Baltimore, Philadelphia, New York and Wilmington.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning C-1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C, Ceiling Fan(s)
Flooring Ceramic Tile
Heat Source Electric
Exterior
Utilities Available Cable TV, Phone, Propane
Waterfront N
Water Access N
Roof Type Flat
Accessibility Elevator
Parking Type On Street
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 334-14.17-137.00
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with BRYCE LINGO • Jack Lingo - Rehoboth
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "