$2,450,000 402 Rehoboth Ave Rehoboth Beach, DE

MLS: 613250   Type: Commercial   County: Sussex   City: Rehoboth Beach   Area: Dewey To Lewes East Of Canal   Neighborhood: South Rehoboth   Zip: 19971   Style: Freestanding     Taxes: $3,174

Mortgage $11,502 /mo



Half Baths

Sqr Footage









Location, location. Property located on corner of Rehoboth Avenue & State Road. Excellent exposure for offices. 14 shared parking spaces. Buy and you can use 1,262 sq, ft. of office space yourself or lease out. Zoned C-1. Rigby Restaurant has renewed lease to 2023 (w/annual increases). 2018 they pay $64,927 NNN. Roof replaced 2014; painted 2013; 2 new HVAC units in 2012. See attachments for survey, office floor plan and options.

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Price History

7/3/2015 Listed $2,995,000
8/30/2017 9% - $2,750,000
2/27/2018 11% - $2,450,000

Accessibility Handicap Access, Ramp Main Level
Area 0.32
Blocks To Ocean Do Not Use
Business Name Barrister Building
Commercial Building Name Barrister Building
Condo Ownership Yn No
Current Building Use Office, Restaurant
Financing Cash, Conventional
Land Options Included
Listing Sub Type N/A
Ownership Fee Simple
Property Sub Type Commercial/Industrial
Property Type Commercial Improved
Section East Of Rt. 1
Subdivision Y/N South Rehoboth
Zoning Features C1, Town

Interior Features

Cooling System Heat Pump(s)
Flooring Carpet
Heating Forced Air, Heat Pump(s)
Office Sq Ft 4593
Security And Fire Security System, Smoke Alarm
Utilities On Site Electric On Site

Exterior Features

Building Type Freestanding
Exterior Type Composition, Wood
Lot Size Area 0.32
Lot Size Unit Acres
Lot Sq Ft 10422
Road Access City
Roofing Shingle-Asphalt
Sewer Sewer-Public Central
Water Water-Public Central

Property Schools

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Gallery (16 photos)

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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 $3,174 Avg $1,461

Acres 0.32 Avg 0.21

Visits 313 Avg 27

Days on Site 1,268 Avg 239

Walkscore® 70 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