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    1 Virginia Avenue , Space B

    REHOBOTH BEACH, DE 19971
    • $849,000
    • STATUS: Active
    • ON SITE: 20 days
    • ID#: DESU183952
    $849,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1974
    County:

    School Ratings & Info

    School District:

    Description

    Prime commercial/retail space located directly on the Rehoboth Beach boardwalk! This is a rare opportunity to own 4000 +/- sqft of commercial space on the amazing Rehoboth Beach boardwalk just steps away from the sandy beaches and Atlantic Ocean. This property is located on the ground floor of the One Virginia Avenue building. Property has the potential to be subdivided into multiple retail or office spaces. If desired, current tenant (Rehoboth Toy & Kite) will lease back the space for 5 years at a rental rate of $60,000/year. Current tenant has operated successfully at this location for over 25 years. Net income equates to a 5% annual ROI. Earn 5% return annually, benefit from depreciation deduction, and obtain superior appreciation from this oceanfront investment property. Call to schedule a showing.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Allison Stine Team with Northrop Realty a Long and Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-16T23:52:00.027.
    www.allisonstineteam.com/homes/117653412
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    1 Virginia Avenue , Space B REHOBOTH BEACH, DE 19971

    • Price: $849,000
    • Status: Active
    • ID#: DESU183952
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1974
    Built
    Neighborhood:
    Lewes Rehoboth Hundred (31009)
    County:
    Sussex
    Area:
    Lewes Rehoboth Hundred (31009)
    School District:
    Cape Henlopen
    Property Description
    Prime commercial/retail space located directly on the Rehoboth Beach boardwalk! This is a rare opportunity to own 4000 +/- sqft of commercial space on the amazing Rehoboth Beach boardwalk just steps away from the sandy beaches and Atlantic Ocean. This property is located on the ground floor of the One Virginia Avenue building. Property has the potential to be subdivided into multiple retail or office spaces. If desired, current tenant (Rehoboth Toy & Kite) will lease back the space for 5 years at a rental rate of $60,000/year. Current tenant has operated successfully at this location for over 25 years. Net income equates to a 5% annual ROI. Earn 5% return annually, benefit from depreciation deduction, and obtain superior appreciation from this oceanfront investment property. Call to schedule a showing.
    Exterior Features

    Construction Materials StuccoConcrete Distance To Body Of Water 100 Garage YN No Parking Types None Water Access Features Public BeachPublic Access Water Access YN Yes Water Body Name Atlantic Ocean Water Body Type Ocean Water Oriented YN Yes Water View YN No Waterfront Features Sandy Beach Waterfront YN Yes

    Interior Features

    Building Area Total 4124.00 Cooling Central A/CCeiling Fan(S)Heat Pump(S) Flooring CarpetConcreteTile/Brick Heating ZonedHeat Pump(S) Heating YN Yes Net Square Feet 4124.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features 2+ Access Exits Assessment Year 2020 Association YN No Business Type Other/General Retail Central Air YN Yes Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Lease Considered YN No Metering Electric Separate Navigable Water YN Y New Construction YN No Number Of Units Total 0 Original MLSNumber 304626535829 Ownership Interest Condominium Possession Settlement Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 3322.00 Utilities Cable TvPhone Connected Vacation Rental YN No Water Source Public Zoning Tn

    Listing courtesy of Cape Realty.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Allison Stine Team with Northrop Realty a Long and Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-16T23:52:00.027.
     
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    The Allison Stine Team with Northrop Realty a Long and Foster Company
    37077 Coastal Highway
    Fenwick Island DE, 19944