59 Baltimore Avenue, Rehoboth Beach, DE 19971 - Photo 1

1/1

$8,400

Sold
Closed
Commercial Lease

1/1

Property Description

Being offered for Lease, a Prime Commercial location on Baltimore Avenue and 2nd Street, ideally located two blocks from the Rehoboth Beach boardwalk, ocean, Rehoboth Avenue, the bandstand, and restaurants. Owner is semi-retiring and has successfully occupied this store for 35 years. The property consists of a 4187 sq. ft. renown retail establishment on 59 Baltimore Ave that is just across the street from the new Hyatt under construction, and the municipal parking lot. Entrances, electric meters, and plumbing already exists for additional bathrooms and division. It is zoned C-3, Tier 3 and the permitted uses include, but are not limited to retail, bar, restaurant, café-sandwich shop, self-service coin-op laundry, utility office, laboratory, and printing. Landlord pays real estate taxes. Rehoboth Beach has been long known as the Nation's Summer Capital but now is a year-round destination and is only a few hours away from both Philadelphia, Washington, D.C. and their surrounding areas, and is Delaware's largest beach resort. Call for an appointment today.

Full Property Details

Full Property Details for 59 Baltimore Ave

General

Sold For: $8,400
Status: Closed
Type: Commercial Lease
Source: BrightMLSMidAtlantic
MLS ID: DESU2043574
Added to Site: 972 day(s) ago

Business

Business Type: Hair Salon and Spa, Health Club, Medical, Other/Gener

Rental Information

Lease/Rent Term: 36 Months

Interior

Flooring: Carpet, Concrete

Additional Information

Security/Safety: Security System

Parking

Parking Features: Public
Parking Type: On Street

Location

Area: Lewes Rehoboth Hundred (31009)
County: Sussex
Development Name: North Rehoboth
Subdivision: North Rehoboth
Cross Streets: Second Street
Driving Directions: On the second block of Baltimore Ave in downtown Rehoboth Beach.
Location Details: Downtown
City Limits: Yes

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C, Zoned, Multi Units
Heating Type: Heat Pump - Electric BackUp, Zoned
Heating Fuel: Electric
Water Heater: Electric

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Cable TV, Phone

Structural Information

Construction: Block
Foundation: Slab
Roof: Flat
Entry Floor Number: 1
Stories/Levels: 1
Current Bldg. Use: Retail
Year Built: 1980
Year Built Source: Estimated
Property Condition: Very Good

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
Frontage Feet: 50
Street/Road Desc.: Black Top
Lot Features: Other
Zoning: TN
Lot Description: Other

Financial Considerations

Price Per Sq. Ft.: $2.25
Security Deposit: $18,200
School Tax: $1,693
City/TownTax: $769
City/TownTax Freq: Annually
Terms: Standard Sale
Owner Pays: Sewer, Water, Taxes - Real Estate
Landlord Pays: Sewer, Water, Taxes - Real Estate
Tenant Pays: Cable TV, Electricity, Exterior Maintenance, Common Area Maintenance, Windows/Screens, Snow Removal, Pest Control, Light Bulbs/Filters/Fuses/Alarm Care, Lawn/Tree/Shrub Care, Janitorial Service, HVAC Maintenance, Insurance, Trash Removal

Disclosures and Reports

Ownership: Other

Listed by Long & Foster Real Estate, Inc., BILL CULLIN
Sold by Jack Lingo - Rehoboth, TJARK BATEMAN

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Listing agent

— 59 Baltimore Ave —

BILL CULLIN

Long & Foster Real Estate, Inc.

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Schools

Schools serving 59 Baltimore Ave

School District:Cape Henlopen School District

Name	Grades	Distance
Rehoboth Elementary School 500 Stockley Street, Rehoboth Beach, DE 19971	PK-6	0.7 mi
Beacon Middle School 19483 John J Williams Highway, Lewes, DE 19958	4-8	3.6 mi
Cape Henlopen High School 1250 Kings Highway, Lewes, DE 19958	8-12	4.6 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 59 Baltimore Ave

Date

Details

Price

Change

Source

2/01/2024

Sold

$8,400

-10.64%

MLS

6/24/2023

Listed

$9,400

—

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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59 Baltimore Avenue, Rehoboth Beach, DE 19971 (MLS# DESU2043574) is a Commercial Lease property that was sold at $8,400 on February 01, 2024. Want to learn more about 59 Baltimore Avenue? Do you have questions about finding other Commercial Lease 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.

59 Baltimore Ave Rehoboth Beach, DE 19971