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$1,175,000

  • For Sale
  • Active
  • Retail
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Prime retail space located directly on the Rehoboth Beach boardwalk! This is a rare opportunity to own 6,500 +/- sqft of oceanfront commercial space on the Rehoboth Beach boardwalk. Just steps away from the sandy beaches and Atlantic Ocean. This property is located on the ground floor of the well-maintained One Virginia Avenue condominium building. Property has the potential to be subdivided into multiple retail and/or office spaces. Current tenants have operated successfully at this location for over 25 years. . Earn 5% +/- ROI, benefit from bonus depreciation deduction, and enjoy superior appreciation from this unique oceanfront investment property. Call to schedule a showing.

Full Property Details for 1 Virginia Ave

General

  • Price: $1,175,000
  • Taxes: $3,808
  • Status: Active
  • Type: Retail
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2077840
  • Updated: 12/17/2025
  • Added to Site: 323 day(s) ago

Business

  • Business Type: Other/General Retail

Interior

  • Flooring: Carpet, Concrete, Tile/Brick

Parking

  • Parking Type: None

Location

  • Area: Lewes Rehoboth Hundred (31009)
  • County: SUSSEX
  • Driving Directions: From Rt.1, continue down Rehoboth Avenue, make a left on King Charles Ave, and then a Right onto Virginia Ave. Property is at the end of the road on the left.
  • City Limits: Yes

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C, Ceiling Fan(s), Heat Pump(s)
  • Cooling Fuel: Electric
  • Heating Type: Zoned, Heat Pump(s)
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Dist. to Water: 100 Feet
  • Utility Description: Cable TV, Phone Connected

Structural Information

  • Construction: Stucco, Concrete
  • Building Size: 6500
  • Year Built: 1974
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple

Lot Features

  • Zoning: TN

Water Features

  • Water Front: Yes
  • Navigable Water: Yes
  • Water Access: Yes
  • Water Access Desc: Public Beach, Public Access
  • Water Front Type: Ocean
  • Water Front Name: Atlantic Ocean

Financial Considerations

  • Price Per Sq. Ft.: $180.77
  • School Tax: $3,497
  • County Tax: $311
  • County Tax Freq: Annually
  • Tax Amount: $3,808

Disclosures and Reports

  • Ownership: Condominium

Listed by Cape Realty, Brent M Reed

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Listing agent

— 1 Virginia Ave —

  • Brent M Reed

    Cape Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1 Virginia Ave

School District:Cape Henlopen School District
NameGradesDistance
Rehoboth Elementary School
500 Stockley Street, Rehoboth Beach, DE 19971
PK-61 mi
Mariner Middle School
16391 Harbeson Road, Milton, DE 19968
5-813 mi
Cape Henlopen High School
1250 Kings Highway, Lewes, DE 19958
8-124.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1 Virginia Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/04/2025
Price Reduced
$1,175,000
-2.08%
MLS
3/25/2025
Listed
$1,200,000
103.39%
MLS
12/12/2016
Sold
$590,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1 Virginia Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,872
67%
$20,650
—
2023
$1,123
4%
$20,650
—
2022
$1,084
1%
$20,650
—
2021
$1,074
—
$20,650
—
2020
$1,070
—
$20,650
-9%
2019
$1,072
7%
$22,800
—
2018
$1,001
4%
$22,800
—
2017
$959
5%
$22,800
—
2016
$911
5%
$22,800
—
2015
$870
1%
$22,800
—
2014
$864
3%
$22,800
—
2013
$839
—
$22,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1 Virginia Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Cape Realty, Brent M Reed

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1 Virginia Avenue, Rehoboth Beach, DE 19971 (MLS# DESU2077840) is a Retail property. 1 Virginia Avenue is currently listed for $1,175,000 and was received on March 25, 2025. Want to learn more about 1 Virginia Avenue? Do you have questions about finding other Retail real estate for sale in Rehoboth Beach? You can browse all Rehoboth Beach real estate or contact a Coldwell Banker agent to request more information.

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