Date
Details
Price
Change
Source
12/09/2024
Listed
$5,990,000
—
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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1/31
$5,990,000 Just Listed
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Property Description
Incredible opportunity to own in a prime location in downtown Rehoboth Beach, one of the East Coast's most popular beach destinations. High-visibility site at the intersection of Rehoboth Ave and Lake Ave, a short distance from the beach. Both parcels are zoned C-1 and combined offer approximately 250 ft of frontage on Rehoboth Avenue and 260 ft on Lake Avenue. C-1 zoning allows for a wide range of commercial and residential uses. Currently there are two restaurant sites (one operational and leased), on-site parking, and a kiosk which is also leased. Details on building size, lot size, and construction year are estimated. This property offers zoning flexibility and existing rental income, making it an appealing option for developers or investors looking to maximize returns in a beachside market.
Full Property Details
Full Property Details for 251 Rehoboth Ave
General
- Price: $5,990,000
- Taxes: $9,098 (2024)
- Status: Active
- Type: Business
- Source: BrightMLSMidAtlantic
- MLS ID: DESU2075478
- Updated: 12/9/2024
- Added to Site: 5 day(s) ago
Business
- Business Type: Restaurant/Bar
Parking
- Total Spaces: 19
- Parking Type: Parking Lot
Location
- Area: Lewes Rehoboth Hundred (31009)
- County: Sussex
- Driving Directions: Rt 1 to east on Rehoboth Ave, property on left.
- Location Details: Corner Lot/Unit
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Propane - Leased
- Water Heater: Tankless, Propane
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: HardiPlank Type, Vinyl Siding
- Roof: Built-Up, Flat
- Stories/Levels: 0
- Year Built: 1955
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.44
- Lot Size (Sq. Ft.): 19,148
- Lot Size Source: Estimated
- Zoning: TN
Financial Considerations
- Price Per Sq. Ft.: $1,458.84
- Assessment Year: 2024
- School Tax: $5,522
- City/TownTax: $3,028
- City/TownTax Freq: Annually
- County Tax: $548
- County Tax Freq: Annually
- Tax Amount: $9,098
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Exclusive property of tenant.
- Investment: Yes
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Meet the listing agent
Meet the listing agent
— 251 Rehoboth Ave —
(443) 944-3073 mobile
(410) 524-6111 office
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 251 Rehoboth Ave
School District:Cape Henlopen School District
| Rating | Name | Grades | Distance |
|---|---|---|---|
|
500 Stockley St, Rehoboth Bch, DE 19971 | PK-5 | 0.5 mi | |
|
16391 Harbeson Rd, Milton, DE 19968 | 5-8 | 12.7 mi | |
|
1250 Kings Hwy, Lewes, DE 19958 | 9-12 | 4.5 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 251 Rehoboth Ave
Tax History
Tax History for 251 Rehoboth Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,398
4%
$89,300
—
2022
$4,244
1%
$89,300
—
2021
$4,205
—
$89,300
—
2020
$4,193
—
$89,300
—
2019
$4,199
7%
$89,300
—
2018
$3,922
4%
$89,300
—
2017
$3,755
5%
$89,300
—
2016
$3,567
5%
$89,300
—
2015
$3,408
21%
$89,300
20%
2014
$2,825
3%
$74,550
—
2013
$2,745
—
$74,550
—
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 251 Rehoboth Ave
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
- 2,087Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 980Sq. Ft.
- Single Family
- Active
- Updated 53 minutes ago
- 2Beds
- 1Total Bath
- 900Sq. Ft.
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- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 3Total Baths
- 4,976Sq. Ft.
Listed by The Real McCoy Group (302) 339-5368
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,800Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 2Beds
- 2Total Baths
- 1,180Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,783Sq. Ft.
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251 Rehoboth Avenue, Rehoboth Beach, DE 19971 (MLS# DESU2075478) is a Business property. 251 Rehoboth Avenue is currently listed for $5,990,000 and was received on December 09, 2024. This property is listed by Whitney Jarvis from our Ocean City 57th Office.Want to learn more about 251 Rehoboth Avenue? Do you have questions about finding other Business 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.