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20575 Coastal Highway, Rehoboth Beach, DE 19971
$2,950,000
20575 Coastal Highway, Rehoboth Beach, DE 19971View this property at 20575 Coastal Highway, Rehoboth Beach, DE 19971
20575 Coastal HighwayRehoboth BeachDE19971
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Property Description & Video
20575 Coastal Highway, Rehoboth Beach, DEVideo Tour of 20575 Coastal Highway, Rehoboth Beach, DE.
BEING OFFERED, a great opportunity to purchase an auto dealership at a Prime Commercial location on the east side of Coastal Highway in Rehoboth Beach, but not within the city limits. Real Estate Only. This sale consists of 2 parcels that are being sold as one and are Zoned C-1. The dealership features a large corner parking lot, a showroom, an office, a garage with an auto lift, an air compressor and much more. The second parcel includes a 2-bedroom 1-bathroom home with a full basement and an attic that is being sold AS-IS. These properties are perfect for re-development, or you can use it as it is. 20362 State Road is the address of the adjacent property with the home located on it. Call for an appointment today!
Full Property Details
Full Property Details for 20575 Coastal Hwy
General
- Price: $2,950,000
- Taxes: $1,605 (2023)
- Status: Active
- Type: Commercial
- MLS ID: DESU2054226
- Updated: 3/26/2024
- Added to Site: 106 day(s) ago
Business
- Business Type: Auto Related
Interior
- Flooring: Ceramic Tile
Rooms
Bathrooms
- Restrooms: 2
Additional Information
- Security/Safety: Monitored
Parking
- Total Spaces: 50
- Parking Features: Private
- Parking Type: Private Garage, Driveway, Parking Lot
Location
- Area: Lewes Rehoboth Hundred (31009)
- County: Sussex
- Driving Directions: Located on the corner of Bay Road and Route One (Coastal Hwy)
- Location Details: Highway
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: 90% Forced Air
- Heating Fuel: Propane - Leased
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Propane
Structural Information
- Construction: Asphalt, Masonry
- Foundation: Slab
- Roof: Flat
- Drive-In Doors: 3
- Stories/Levels: 0
- Year Built: 1958
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
Lot Features
- Property View: Other
- Lot Size (Acres): 0.71
- Lot Size (Sq. Ft.): 30,923
- Lot Size Source: Estimated
- Frontage Feet: 350
- Street/Road Desc.: Black Top
- Lot Features: Cleared, Open, Road Frontage
- Zoning: C-1
- Lot Description: Cleared, Open, Road Frontage
Financial Considerations
- Assessment Year: 2023
- School Tax: $1,460
- County Tax: $147
- County Tax Freq: Annually
- Tax Amount: $1,605
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Lot Number: REHOBOTH
Listed by Long & Foster Real Estate, Inc., BILL CULLIN
Get Pre-Approved Today
Schools
Schools serving 20575 Coastal Hwy
School District:Cape Henlopen School District
Rating | Name | Grades | Distance |
---|---|---|---|
500 Stockley St, Rehoboth Bch, DE 19971 | PK-5 | 0.1 mi | |
16391 Harbeson Rd, Milton, DE 19968 | 5-8 | 12.6 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 20575 Coastal Hwy
Date
Details
Price
Change
Source
3/26/2024
Price Reduced
$2,950,000
-1.67%
MLS
3/17/2024
Price Reduced
$3,000,000
-6.25%
MLS
1/13/2024
Listed
$3,200,000
184.44%
MLS
10/03/2016
Sold
$1,125,000
—
Public Record
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
Tax History for 20575 Coastal Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,924
3%
$32,600
—
2022
$1,868
1%
$32,600
—
2021
$1,854
—
$32,600
—
2020
$1,848
1%
$32,600
—
2019
$1,829
28%
$32,600
—
2018
$1,432
4%
$32,600
—
2017
$1,371
-9%
$32,600
—
2016
$1,503
4%
$32,600
—
2015
$1,445
1%
$32,600
—
2014
$1,436
2%
$32,600
—
2013
$1,401
—
$32,600
—
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
Estimate the Cost for 20575 Coastal Hwy
20575 Coastal Highway, Rehoboth Beach, DE 19971 (MLS# DESU2054226) is a Commercial property. 20575 Coastal Highway is currently listed for $2,950,000 and was received on January 13, 2024. Want to learn more about 20575 Coastal Highway? Do you have questions about finding other Commercial 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.