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$1,880,000
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Property Description
Calling all investors! If you've ever wanted to own 6 luxury efficiency apartments in the middle of Downtown Rehoboth Beach, this is your chance! The Pine Suites (formerly known as The Printz) is looking for its new owners. After being completely gutted and renovated, all units now feature a new roof, windows, doors, and flooring. The kitchens and bathrooms have also been completely updated, as well as all important systems, including HVAC, electrical, and plumbing. When we say renovated, we truly mean renovated! The ceiling has even been opened up for increased height! Located close to Grove Park, the Rehoboth Beach Farmers Market, and popular restaurants such as Dogfish Head and the Cultured Pearl, you can't beat this location. Only a few blocks away from the ocean and the famous Rehoboth Beach boardwalk, each unit has a rental projection of $1200 per week during peak season, $11,000 for seasonal rentals, and $1,400 per month for year-round rentals. Don't miss your chance to add these gorgeous new units to your investment portfolio. Schedule your private showing now!
Full Property Details
Full Property Details for 99 Sussex St
General
- Sold For: $1,880,000
- Taxes: $1,395 (2023)
- Status: Closed
- Type: Commercial
- Source: BrightMLSMidAtlantic
- MLS ID: DESU2050454
- Added to Site: 842 day(s) ago
Business
- Business Type: Other
Parking
- Total Spaces: 8
- Parking Features: Private
- Parking Type: Parking Lot
Location
- Area: Lewes Rehoboth Hundred (31009)
- County: Sussex
- Driving Directions: Rehoboth Ave > Sussex
- City Limits: Yes
Heating & Cooling
- Cooling Type: Ductless/Mini-Split
- Cooling Fuel: Electric
- Heating Type: Other
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Stick Built
- Roof: Shingle
- Stories/Levels: 0
- Year Built: 1950
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.33
- Lot Size (Sq. Ft.): 14,200
- Lot Size Source: Estimated
- Lot Dimensions: 100 x 142
- Lot Features: Cleared
- Zoning: TN
- Lot Description: Cleared
Financial Considerations
- Price Per Sq. Ft.: $734.75
- Assessment Year: 2023
- School Tax: $1,268
- County Tax: $127
- County Tax Freq: Annually
- Tax w/Assessment: $28,300
- Tax Amount: $1,395
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 9
Listed by Jack Lingo - Lewes, CARRIE LINGO
Sold by RE/MAX Realty Group Rehoboth, Debbie Reed
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Schools
Schools serving 99 Sussex St
School District:Cape Henlopen School District
| Name | Grades | Distance |
|---|---|---|
Rehoboth Elementary School 500 Stockley Street, Rehoboth Beach, DE 19971 | PK-6 | 0.5 mi |
Mariner Middle School 16391 Harbeson Road, Milton, DE 19968 | 5-8 | 12.5 mi |
Cape Henlopen High School 1250 Kings Highway, Lewes, DE 19958 | 8-12 | 4.3 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 99 Sussex St
Date
Details
Price
Change
Source
2/28/2025
Sold
$1,880,000
-6%
MLS
8/16/2024
Price Reduced
$2,000,000
-9.09%
MLS
6/17/2024
Price Reduced
$2,200,000
-8.33%
MLS
2/21/2024
Price Reduced
$2,400,000
-4%
MLS
10/26/2023
Listed
$2,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
99 Sussex Street, Rehoboth Beach, DE 19971 (MLS# DESU2050454) is a Commercial property that was sold at $1,880,000 on February 28, 2025. Want to learn more about 99 Sussex Street? 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.

