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lx_pre@2.com +1(586) 586-5860

C$ 5,500,000

Est. payment | -/mo

0.44 Acres Lot

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C$ 5,500,000

Est. payment | -/mo

Save

0.44 Acres Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Lot Size 0.440 Acres

MLS Listing ID DESU2075478

Short Sale No

Originating MLS BRIGHT

Property Description

Prime commercial property available in one of the East Coast's most sought-after beach destinations. Positioned at the high-visibility intersection of Rehoboth Avenue and Lake Avenue, this offering consists of two adjoining parcels, both zoned C-1, allowing for a wide variety of commercial and residential development options. With approximately 250 ft of frontage on Rehoboth Avenue and 260 ft on Lake Avenue, the site provides exceptional exposure and accessibility just a short distance from the beach, boardwalk, restaurants, and year-round attractions. Currently, the property includes two restaurant sites—one operational and leased—along with on-site parking and a leased retail kiosk, providing immediate rental income and flexibility for future use. All building sizes, lot dimensions, and construction years are estimates. This unique opportunity offers outstanding redevelopment potential with zoning that supports numerous permitted uses and unbeatable proximity to downtown amenities. Whether reimagined as a mixed-use project, retail center, hospitality site, or continued food-and-beverage venue, this property delivers exceptional investment value in a premier coastal market. Don't miss this chance to secure a landmark location in downtown Rehoboth Beach.

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning TN

Interior

Hot Water Tankless, Propane

Heating Forced Air

Cooling Central A/C

Heat Source Propane - Leased

1-purchase type For Sale

Exterior

Garage Spaces 19

Waterfront N

Water Access N

Roof Type Built-Up,Flat

Accessibility 2+ Access Exits

Parking Type Parking Lot

Total Parking Spaces 19

Building

New Construction N

Sewer Public Sewer

Water Public

Schools

School District Cape Henlopen

Others

Tax Amount C$5,866

Tax Year 2024

Tax ID 334-14.17-83.00

Ownership Fee Simple

Special Sale Standard

testyfx76

Listed by Whitney Jarvis • Coldwell Banker Realty

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+1(586) 586-5861

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557 SE Washington Ave, Minneapolis, MN, 55455, USA

251 REHOBOTH AVE Rehoboth Beach, DE 19971

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Key Details

Location

Interior

Exterior

Building

Schools

Others

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251 REHOBOTH AVE