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37299 Rehoboth Avenue Extension, Rehoboth Beach, DE 19971
$2,100,000
37299 Rehoboth Avenue Extension, Rehoboth Beach, DE 19971View this property at 37299 Rehoboth Avenue Extension, Rehoboth Beach, DE 19971
37299 Rehoboth Avenue ExtensionRehoboth BeachDE19971
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Property Description
Immaculate family run motel with established repeat clientele. Just a short stroll to the ocean, this 21 unit motel is turn-key and a proven winner. Currently runs 3-seasons, but year-round a possibility as all units have heat and air conditioning. Units include-singles, doubles, and apartment/efficiency units. There are separate living quarters for owner/manager.
Full Property Details
Full Property Details for 37299 Rehoboth Ave Ext
General
- Sold For: $2,100,000
- Status: Closed
- Type: Commercial
- MLS ID: 1001568826
- Added to Site: 2, 384 day(s) ago
Business
- Name: Pirates Cove Motel
- Business Type: Hotel/Motel
- Includes: Equipment, Building Only, Business Name
Interior
- Flooring: Carpet, Hardwood
Additional Information
- Security/Safety: Smoke Detector
Parking
- Parking Type: Parking Lot
Location
- Area: Lewes Rehoboth Hundred (31009)
- County: Sussex
- Development Name: None Available
- Subdivision: None Available
- Driving Directions: Enter Rehoboth Beach from Rt 1/Coastal Hwy. Motel will be on left across from Crystal Restaurant.
Heating & Cooling
- Cooling Type: Wall Unit
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Propane
Structural Information
- Construction: Aluminum Siding, Composition
- Roof: Composite
- Stories/Levels: 0
- Sq. Ft. Source: Estimated
- Living Area: 22,930 Sq. Ft.
- Current Bldg. Use: Hotel/Motel
- Year Built: 1970
- Year Built Source: Estimated
Lot Features
- Lot Size (Acres): 0.53
- Lot Size (Sq. Ft.): 23,087
- Lot Size Source: Estimated
- Lot Dimensions: 207 x 214
- Frontage Feet: 207
- Street/Road Desc.: US Highway/Interstate
- Zoning: C1
Financial Considerations
- Price Per Sq. Ft.: $104.67
- City/TownTax Freq: Annually
- County Tax: $3,043
- County Tax Freq: Annually
- Terms: Standard Sale
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
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Schools
Schools serving 37299 Rehoboth Ave Ext
School District:Cape Henlopen School District
Rating | Name | Grades | Distance |
---|---|---|---|
500 Stockley St, Rehoboth Bch, DE 19971 | PK-5 | 0.5 mi | |
19483 John J Williams Hwy, Lewes, DE 19958 | 6-8 | 2.9 mi | |
1250 Kings Hwy, Lewes, DE 19958 | 9-12 | 4.2 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 37299 Rehoboth Ave Ext
Date
Details
Price
Change
Source
3/28/2019
Sold
$2,100,000
-12.5%
MLS
1/24/2018
Price Reduced
$2,400,000
-11.08%
MLS
10/25/2017
Listed
$2,699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
37299 Rehoboth Avenue Extension, Rehoboth Beach, DE 19971 (MLS# 1001568826) is a Commercial property that was sold at $2,100,000 on March 28, 2019. This property was sold by Shawn Kotwica from our Ocean City - 123rd Office.Want to learn more about 37299 Rehoboth Avenue Extension? 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.