DE > Rehoboth Beach
Rehoboth Beach, DE 19971,251 REHOBOTH AVE
Rehoboth Beach, DE 19971,251 REHOBOTH AVE
Rehoboth Beach, DE 19971,251 REHOBOTH AVE
Rehoboth Beach, DE 19971,251 REHOBOTH AVE
Rehoboth Beach, DE 19971,251 REHOBOTH AVE
Rehoboth Beach, DE 19971,251 REHOBOTH AVE
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Hagan Realty

Hagan Realty

+1(866) 424-2601
Listed by Whitney Jarvis • Coldwell Banker Realty
$ 5,500,000
Est. payment | /mo

0.44 Acres Lot

Save
$ 5,500,000
Est. payment | /mo
Save

0.44 Acres Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID DESU2075478

Year Built 1955

Annual Tax Amount $5,866

Tax Year 2024

Lot Size 0.440 Acres

Acres 0.44

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Prime commercial property available in one of the East Coast's most sought-after beach destinations. Positioned at the high-visibility intersection of Rehoboth Avenue and Lake Avenue, this offering consists of two adjoining parcels, both zoned C-1, allowing for a wide variety of commercial and residential development options. With approximately 250 ft of frontage on Rehoboth Avenue and 260 ft on Lake Avenue, the site provides exceptional exposure and accessibility just a short distance from the beach, boardwalk, restaurants, and year-round attractions. Currently, the property includes two restaurant sites—one operational and leased—along with on-site parking and a leased retail kiosk, providing immediate rental income and flexibility for future use. All building sizes, lot dimensions, and construction years are estimates. This unique opportunity offers outstanding redevelopment potential with zoning that supports numerous permitted uses and unbeatable proximity to downtown amenities. Whether reimagined as a mixed-use project, retail center, hospitality site, or continued food-and-beverage venue, this property delivers exceptional investment value in a premier coastal market. Don't miss this chance to secure a landmark location in downtown Rehoboth Beach.

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning TN

Interior

Hot Water Tankless, Propane

Heating Forced Air

Cooling Central A/C

Heat Source Propane - Leased

Exterior

Garage Spaces 19.0

Water Access N

Roof Type Built-Up,Flat

Accessibility 2+ Access Exits

Total Parking Spaces 19

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Cape Henlopen

Others

Tax ID 334-14.17-83.00

Ownership Fee Simple

Special Listing Condition Standard

Bright MLS (BMLS)
Hagan Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(866) 424-2601

info@haganrealty.com

20251 Century Blvd Suite 125, Germantown, MD, 20874

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251 REHOBOTH AVE