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$1,875,000

  • Sold
  • Closed
  • Business
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Incredible investment opportunity in the booming beach town of Rehoboth Beach, Delaware, this +/-.36-acre lot sits on two commercially zoned parcels with great development potential. The 5,600 SF building is currently used as the established and successful restaurant and bar, Just in Thyme, with two 2-bedroom apartments upstairs, both on month-to-month leases and offers parking for 38 cars. With 61 ft of frontage on Coastal Hwy Route 1, the lot has very high visibility year-round and convenient access to both downtown Rehoboth and Dewey Beach. Perfect for an owner/user, developer, investor, or restauranteur, schedule your private tour today!

Full Property Details for 38163 Robinsons Dr

General

  • Sold For: $1,875,000
  • Taxes: $3,061 (2023)
  • Status: Closed
  • Type: Business
  • Source: BrightMLSMidAtlantic
  • MLS ID: DESU2049350
  • Added to Site: 861 day(s) ago

Business

  • Business Type: Banquet Facility/Lodge, Religious Facility, Restaura

Interior

  • Flooring: Carpet, Ceramic Tile, Concrete, Hardwood

Parking

  • Total Spaces: 57
  • Parking Features: Private, Surface
  • Parking Type: Parking Lot

Location

  • Area: Lewes Rehoboth Hundred (31009)
  • County: Sussex
  • Building Name: NONE AVAILABLE
  • Cross Streets: Coastal Highway
  • Driving Directions: Located on the Northbound corner of Route 1 and Robinsons Drive
  • Location Details: Highway

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C, Ceiling Fan(s), Ductless/Mini-Split, Heat Pump(s)
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Electric, Propane - Metered
  • Water Heater: 60+ Gallon Tank

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Combination
  • Roof: Flat, Shingle
  • Stories/Levels: 2
  • Year Built: 1970
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.33
  • Lot Size (Sq. Ft.): 14,374
  • Lot Size Source: Estimated
  • Lot Dimensions: 139.00 x 77.00
  • Zoning: C1

Financial Considerations

  • Assessment Year: 2023
  • School Tax: $2,784
  • County Tax: $280
  • County Tax Freq: Annually
  • Tax w/Assessment: $62,150
  • Tax Amount: $3,061
  • Tax Year: 2023

Disclosures and Reports

  • Ownership: Fee Simple
  • Inclusions: All restaurant furniture, fixtures, and equipment
  • Lot Number: 26

Listed by Compass, Jeffrey Stape and Compass, Pamela R Meissler
Sold by Non Subscribing Office, NON MEMBER

Listing agents

— 38163 Robinsons Dr —

  • Jeffrey Stape

    Compass

  • Pamela R Meissler

    Compass

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 38163 Robinsons Dr

School District:Cape Henlopen School District
NameGradesDistance
Rehoboth Elementary School
500 Stockley Street, Rehoboth Beach, DE 19971
PK-60.3 mi
Mariner Middle School
16391 Harbeson Road, Milton, DE 19968
5-812.9 mi
Cape Henlopen High School
1250 Kings Highway, Lewes, DE 19958
8-125.1 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 38163 Robinsons Dr

Date
Details
Price
Change
Source
10/17/2024
Sold
$1,875,000
-20.21%
MLS
10/13/2023
Listed
$2,350,000
—
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 Compass, Jeffrey Stape and Compass, Pamela R Meissler
Sold by Non Subscribing Office, NON MEMBER

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Price Reduced near 38163 Robinsons Dr

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Recent Sales near 38163 Robinsons Dr

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38163 Robinsons Drive, Rehoboth Beach, DE 19971 (MLS# DESU2049350) is a Business property that was sold at $1,875,000 on October 17, 2024. Want to learn more about 38163 Robinsons Drive? Do you have questions about finding other Business 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.