$2,450,000 402 Rehoboth Ave #1,2,3 Rehoboth Beach, DE

MLS: 6655939   Type: Commercial   County: Sussex   City: Rehoboth Beach   Area: Sussex County   Neighborhood: Rehoboth Beach   Zip: 19971     Taxes: $2,653

Mortgage $11,502 /mo



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Location, Location!!One Story office building on the corner of Rehoboth Ave and State Road with excellent exposure. Zoned C-1 commercial. 14 shared parking spaces. Buy and you can use 1,262 sq. ft. of office space yourself or lease out. Zoned C-1 commercial. *Rigbys Restaurant--2643 Sq.Ft.+ 758 Sq.Ft Patio Area has renewed lease to 2023(w/annual increases). They pay $64,927 NNN in 2018. *Lawson Firm 688 sq.ft.Triple Net leasing income is $64,927. *Roof replaced 2014; Painted 2013; 2 HVAC units new in 2012 *For FUTURE POTENTIAL if you wish to re-build, the City will allow a building area of 20,844 (2.0FAR). Maximum building height is 42 feet. Property is fronting on both Rehoboth Avenue and State Road.

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Price History

10/9/2015 Listed $2,995,000
8/30/2017 9% - $2,750,000
2/26/2018 11% - $2,450,000

Is Twin No
Listing Area Sussex County (31000)
Number of Units Leased 3
Price Per Sqft 533.4204
Property Type Commercial
School District Cape Henlopen
Tax Annual Amount 2653.0
Total Units 3
Unit Number 1, 2, 3
Zoning Q

Interior Features

Buildingfloors 1.0

Exterior Features

Lot Dimensions 150X93
Number of Buildings 1
Waterfront N

Property Schools

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Property vs Zip Code Avg (19971)

Price 2.45M Avg 1.39M

Sqr Feet 4,593 Avg 2,865

Cost / Sqr Ft $533 Avg $488

Taxes $2,653 Avg $1,461

Acres 0.32 Avg 0.21

Visits 34 Avg 27

Walkscore® 71 Avg 65

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Listing Provided Courtesy Of: Mann & Sons, Inc

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Location & Address

eXp Realty Delaware
State Broker of Record is located at 144 Kings Hwy, Suite 301, Dover, DE 19
Dover, DE