Date
Details
Price
Change
Source
11/15/2024
Listed
$3,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$3,250,000 Just Listed
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Property Description
Exceptional Investment Opportunity in Rehoboth Beach! - 36-Room Motel with High Occupancy Potential! This 36-room, pet-friendly motel sits on a prime location with 300 feet of C-1 road frontage along Route 1, giving it unparalleled visibility and access for travelers heading to the beach and nearby attractions. Located in one of the East Coast's most popular beach destinations, this motel attracts a steady stream of visitors, from beach-goers to business travelers, ensuring year-round occupancy. Each guest room is designed for comfort and convenience, with essential amenities and a welcoming atmosphere for both guests and their pets-a unique feature that appeals to today's pet-loving travelers. The property and rooms have been recently remodeled making this a low-maintenance, turnkey operation. With its ideal location, strong curb appeal, and pet-friendly policy, this Rehoboth Beach property offers excellent revenue potential with room to grow and is an ideal acquisition for investors looking to expand their portfolio in the hospitality sector.
Full Property Details
Full Property Details for 20902 Coastal Hwy
General
- Price: $3,250,000
- Taxes: $12,672 (2024)
- Status: Active
- Type: Commercial
- Source: BrightMLSMidAtlantic
- MLS ID: DESU2074058
- Updated: 11/15/2024
- Added to Site: 3 day(s) ago
Business
- Business Type: Hotel/Motel
Parking
- Total Spaces: 54
- Parking Type: Parking Lot
Location
- Area: Lewes Rehoboth Hundred (31009)
- County: Sussex
- Development Name: Poynters Addition
- Subdivision: Poynters Addition
- Driving Directions: Rt 1 South heading toward Dewey Beach. Hotel is located next to the Valero on The Mile.
- Location Details: Free Standing
Heating & Cooling
- Cooling Type: Heat Pump(s)
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s)
- Heating Fuel: Electric
- Water Heater: Tankless
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Dryvit, Concrete
- Roof: Flat
- Stories/Levels: 0
- Year Built: 2000
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.68
- Lot Size (Sq. Ft.): 29,621
- Lot Size Source: Assessor
- Lot Dimensions: 300.00 x 100.00
- Street/Road Desc.: US Highway/Interstate
- Zoning: C-1
Financial Considerations
- Assessment Year: 2024
- School Tax: $11,528
- County Tax: $1,024
- County Tax Freq: Annually
- Tax Amount: $12,672
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Investment: Yes
Listed by Monument Sotheby's International Realty, BLAIR CHERICO
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Listing agent
— 20902 Coastal Hwy —
BLAIR CHERICO
Monument Sotheby's International Realty
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 20902 Coastal Hwy
School District:Cape Henlopen School District
| Rating | Name | Grades | Distance |
|---|---|---|---|
|
500 Stockley St, Rehoboth Bch, DE 19971 | PK-5 | 0.6 mi | |
|
16391 Harbeson Rd, Milton, DE 19968 | 5-8 | 13.2 mi | |
|
1250 Kings Hwy, Lewes, DE 19958 | 9-12 | 5.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 20902 Coastal Hwy
Tax History
Tax History for 20902 Coastal Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2023
$17,153
3%
$257,100
—
2022
$16,711
1%
$257,100
—
2021
$16,599
—
$257,100
—
2020
$16,548
2%
$257,100
—
2019
$16,262
44%
$257,100
—
2018
$11,291
4%
$257,100
—
2017
$10,812
3%
$257,100
—
2016
$10,538
5%
$257,100
—
2015
$10,082
4%
$257,100
—
2013
$9,735
—
$257,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 20902 Coastal Hwy
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- Condo
- Active
- Updated 3 hours ago
- 1Bed
- 2Total Baths
- 821Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 2,496Sq. Ft.
Listed by The Real McCoy Group (302) 500-0503
- Single Family
- Active
- Updated 3 hours ago
- 3Beds
- 2Total Baths
- 2,128Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 3Total Baths
- 3,258Sq. Ft.
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- Townhouse
- Active
- Updated 3 days ago
- 5Beds
- 5Total Baths
- 3,000Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,603Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 3Total Baths
- 3,035Sq. Ft.
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- Single Family
- Closed
- Updated 9 days ago
- 4Beds
- 5Total Baths
- 2,960Sq. Ft.
20902 Coastal Highway, Rehoboth Beach, DE 19971 (MLS# DESU2074058) is a Commercial property. 20902 Coastal Highway is currently listed for $3,250,000 and was received on November 15, 2024. Want to learn more about 20902 Coastal Highway? 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.