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200 Rehoboth Avenue, Rehoboth Beach, DE 19971
$2,200,000
200 Rehoboth Avenue, Rehoboth Beach, DE 19971View this property at 200 Rehoboth Avenue, Rehoboth Beach, DE 19971
200 Rehoboth AvenueRehoboth BeachDE19971
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Property Description
Prime corner and highly desired commercial location at the intersection of Rehoboth Avenue and 2nd Street! Just 2 blocks from the beach and directly across from the new Coastal Hotel (extension of Hilton), this premier commercial space consists of 4 retail units that generate approximately $125,000 of revenue annually. Numerous recent upgrades were completed in 2020 and include new floors, interior walls, lighting, entrance doors, ADA bathroom, two new A/C units, and a new heat pump. In 2021 three new hot water heaters were installed. In 2022, two furnaces were replaced with high-efficiency units. Unit A (Charmed City Run) has exclusive use of the rear door, parking space, and attic for storage. Unit B (Gel Z Art) includes 2 large windows on Second Street, a back room, and half bath. Unit C (204 Rehoboth Ave - Into the Mystic) includes a small storage closet and half bath. Unit D (Coastal Hobo) includes a rear access door and a 4,000 SF basement with high ceilings for storage. Excellent investment opportunity!
Full Property Details
Full Property Details for 200 Rehoboth Ave
General
- Sold For: $2,200,000
- Taxes: $3,082 (2021)
- Status: Closed
- Type: Retail
- MLS ID: DESU2035828
- Added to Site: 389 day(s) ago
Business
- Business Type: Other/General Retail
Interior
- Flooring: Carpet, Luxury Vinyl Plank, Laminated
Rooms
Bathrooms
- Restrooms: 4
Parking
- Total Spaces: 1
- Parking Features: Private
- Parking Type: On Street, Other
Location
- Area: Lewes Rehoboth Hundred (31009)
- County: Sussex
- Building Name: NONE AVAILABLE
- Cross Streets: 2nd Street
- Driving Directions: Property is at corner of Rehoboth Avenue and Bayard Avenue.
- Location Details: Business District
- City Limits: Yes
School Information
- High School: Cape Henlopen
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Multi Units, Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s), Zoned, Baseboard - Hot Water
- Heating Fuel: Electric, Propane - Leased
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Dist. to Water: 2 Blocks
- Utility Description: Propane, Electric Available
Structural Information
- Construction: Vinyl Siding
- Foundation: Block
- Roof: Metal
- Stories/Levels: 0
- Year Built: 1916
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Property View: Street
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 5,000
- Lot Size Source: Estimated
- Lot Dimensions: 50.00 x 100.00
- Lot Features: Corner
- Zoning: TN
- Lot Description: Corner
Water Features
- Water Front Type: Ocean
- Water Front Name: Atlantic Ocean
Financial Considerations
- Price Per Sq. Ft.: $573.56
- Assessment Year: 2022
- School Tax: $2,029
- City/TownTax: $844
- City/TownTax Freq: Annually
- County Tax: $209
- County Tax Freq: Annually
- Tax Amount: $3,082
- Tax Year: 2021
- Owner Pays: Taxes - Real Estate
- Landlord Pays: Taxes - Real Estate
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 62
Listed and Sold by Jack Lingo - Rehoboth, BRYCE LINGO and Jack Lingo - Rehoboth, SHAUN TULL
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Schools
Schools serving 200 Rehoboth Ave
School District:Cape Henlopen School District
Rating | Name | Grades | Distance |
---|---|---|---|
500 Stockley St, Rehoboth Bch, DE 19971 | PK-5 | 0.6 mi | |
19483 John J Williams Hwy, Lewes, DE 19958 | 6-8 | 3.6 mi | |
1250 Kings Hwy, Lewes, DE 19958 | 9-12 | 4.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 200 Rehoboth Ave
Date
Details
Price
Change
Source
12/15/2023
Sold
$2,200,000
-11.82%
MLS
6/15/2023
Price Reduced
$2,495,000
-7.42%
MLS
4/05/2023
Listed
$2,695,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
200 Rehoboth Avenue, Rehoboth Beach, DE 19971 (MLS# DESU2035828) is a Retail property that was sold at $2,200,000 on December 15, 2023. Want to learn more about 200 Rehoboth 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.