Date
Details
Price
Change
Source
9/20/2026
Listed
$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.
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$200,000 Just Listed
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Property Description
Price Reduced following a great 2026 Season! Positioned along the first block of Rehoboth Avenue next to Louie's Pizza in the heart of downtown Rehoboth Beach, this rare opportunity offers the sale of a fully built-out, second-generation food service operation with proven seasonal revenue and established customer recognition. The Rita's franchise has successfully operated at the location since 2017 and occupies an approximately 2,000 SF space featuring seating for approximately 24 patrons, upgraded storefront glass installed in 2023, dual HVAC systems replaced in 2025, a 50-gallon grease trap, and excellent street frontage, pedestrian visibility, and signage exposure along one of Delaware's premier coastal retail corridors. All furniture, fixtures, and equipment are included in the sale, and the franchise is optional, allowing a buyer to continue the existing Rita's operation or introduce a new concept. Existing lease structure is in place through 12/31/2026 with a new 10-year option available.
Full Property Details
Full Property Details for 47 Rehoboth Ave
General
- Price: $200,000
- Taxes: $7,225 (2026)
- Status: Active
- Type: Business
- Source: BrightMLSMidAtlantic
- MLS ID: DESU2120934
- Updated: 9/20/2026
- Added to Site: 3 day(s) ago
Business
- Business Type: Restaurant/Bar
- Seating Capacity: 24
Interior
- Flooring: Luxury Vinyl Plank, Luxury Vinyl Tile, Other
Rooms
Bathrooms
- Restrooms: 2
Parking
- Parking Type: None
Location
- Area: Lewes Rehoboth Hundred (31009)
- County: SUSSEX
- Driving Directions: From the Rehoboth Beach boardwalk, walk west less than a block. Rita's is on the right hand side, next to Louie's Pizza.
- Location Details: Downtown
- City Limits: Yes
School Information
- School District: Cape Henlopen
Heating & Cooling
- Heating Type: Heat Pump(s)
- Heating Fuel: Electric
- Water Heater: Instant Hot Water
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Glass, Mixed, Other
- Stories/Levels: 1
- Aprox. Leasable: 2,000 Sq. Ft.
- Current Bldg. Use: Restaurant
- Year Built: 1970
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- # Tenants: Single
Lot Features
- Property View: Ocean, Street
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,792
- Lot Size Source: Assessor
- Lot Dimensions: 50.00 x 100.00
- Zoning: TN
Water Features
- Water View: Yes
Financial Considerations
- Assessment Year: 2026
- School Tax: $6,490
- County Tax: $735
- County Tax Freq: Annually
- Tax Amount: $7,225
- Tax Year: 2026
Disclosures and Reports
- Ownership: Leasehold
Listed by Dsm Commercial, BRITTANY DANAHY
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 47 Rehoboth Ave —
BRITTANY DANAHY
Dsm Commercial
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 47 Rehoboth Ave
School District:Cape Henlopen School District
| Name | Grades | Distance |
|---|---|---|
Rehoboth Elementary School 500 Stockley Street, Rehoboth Beach, DE 19971 | PK-6 | 0.8 mi |
Beacon Middle School 19483 John J Williams Highway, Lewes, DE 19958 | 4-8 | 3.8 mi |
Cape Henlopen High School 1250 Kings Highway, Lewes, DE 19958 | 8-12 | 4.8 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 47 Rehoboth Ave
Tax History
Tax History for 47 Rehoboth Ave
Year
Property Taxes
Change
Tax Assessment
Change
2026
$7,225
—
$52,900
—
2025
$7,253
178%
$52,900
—
2023
$2,605
4%
$52,900
—
2022
$2,514
1%
$52,900
—
2021
$2,491
—
$52,900
—
2020
$2,484
—
$52,900
—
2019
$2,487
7%
$52,900
—
2018
$2,323
4%
$52,900
—
2017
$2,225
5%
$52,900
—
2016
$2,113
5%
$52,900
—
2015
$2,019
1%
$52,900
—
2014
$2,004
3%
$52,900
—
2013
$1,947
—
$52,900
—
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 47 Rehoboth Ave
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47 Rehoboth Avenue, Rehoboth Beach, DE 19971 (MLS# DESU2120934) is a Business property. 47 Rehoboth Avenue is currently listed for $200,000 and was received on September 20, 2026. Want to learn more about 47 Rehoboth Avenue? 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.