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$1,025,000

  • Sold
  • Closed
  • 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

  • Sold For: $1,025,000
  • Taxes: $3,808
  • Status: Closed
  • Type: Retail
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2077840
  • Added to Site: 430 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
  • Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1

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
Sold by Berkshire Hathaway HomeServices PenFed Realty, Lee Ann Wilkinson and Berkshire Hathaway HomeServices PenFed Realty, Diane Clarke

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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1 Virginia Ave

Date
Details
Price
Change
Source
5/20/2026
Sold
$1,025,000
-12.77%
MLS
6/04/2025
Price Reduced
$1,175,000
-2.08%
MLS
3/25/2025
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Cape Realty, Brent M Reed
Sold by Berkshire Hathaway HomeServices PenFed Realty, Lee Ann Wilkinson and Berkshire Hathaway HomeServices PenFed Realty, Diane Clarke

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30849 Buttonwood Dr, Lewes, DE 19958 - Photo 1 Just Listed
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30849 Buttonwood Dr  Lewes, DE 19958

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Price Reduced near 1 Virginia Ave

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1 Read St, Dewey Beach, DE 19971 - Photo 1 Price Reduced
-$5,000 (-7.46%)
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1 Read St  #114B  Dewey Beach, DE 19971

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34341 Crosswinds Dr, Lewes, DE 19958 - Photo 1 Price Reduced
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31080 Silver Maple Dr, Lewes, DE 19958 - Photo 1 Price Reduced
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Recent Sales near 1 Virginia Ave

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527 Boardwalk Ave, Rehoboth Beach, DE 19971 - Photo 1 Sold
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527 Boardwalk Ave  #216  Rehoboth Beach, DE 19971

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5 Metz Way  #19  Rehoboth Beach, DE 19971

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Listed by Keller Williams Realty, Brian A Cusick
Sold by Bryan Realty Group, Barbara Wilson

1 Virginia Avenue, Rehoboth Beach, DE 19971 (MLS# DESU2077840) is a Retail property that was sold at $1,025,000 on May 20, 2026. 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.