$1,150,000
$1,300,000
11.5%For more information regarding the value of a property, please contact us for a free consultation.
2,700 SqFt
SOLD DATE : 05/16/2022
Key Details
Sold Price $1,150,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $425
MLS Listing ID DESU2015620
Sold Date 05/16/22
Originating Board BRIGHT
Year Built 1970
Annual Tax Amount $1,100
Tax Year 2021
Lot Dimensions 0.00 x 0.00
Property Description
Great dual income opportunity in Dewey Beach bayside between Van Dyke and Collins Avenues. Includes commercial property for sale previously used as a restaurant, with a 2 bedroom 2 bath apartment above yielding substantial rental income. Sandwiched between the Rehoboth Bay and the beach, this restaurant location is the perfect spot to attract beach bums and Rehoboth Bay Marina boaters by day and revelers by night, offering indoor and outdoor dining on the deck. Restaurant is being sold as is with all equipment included. The upstairs apartment features open-concept living, a screened porch to enjoy the salt air breezes, with easy access to three enticing water choices: Slip into the pool next door or walk one block to the bay or one block in the other direction to the beach.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning RB2
Interior
Hot Water Propane
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 6.0
Waterfront N
Water Access N
Accessibility 32\"+ wide Doors
Parking Type Other
Total Parking Spaces 6
Garage N
Building
Sewer Private Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 334-23.06-4.00-300
Ownership Condominium
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with JOHN E LINGO, III • Jack Lingo - Lewes
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "