MLS # DESU2077840
1 virginia ave, Rehoboth Beach, DE 19971
$1,175,000
Commercial Sale
Prime retail space located directly on the Rehoboth Beach boardwalk! This is a rare opportunity to own 6,500 +/- sqft of oceanfront commercial space on the Rehoboth Beach boardwalk. Just steps away from the sandy beaches and Atlantic Ocean. This property is located on the ground floor of the well-maintained One Virginia Avenue condominium building. Property has the potential to be subdivided into multiple retail and/or office spaces. Current tenants have operated successfully at this location for over 25 years. . Earn 5% +/- RO Read More
Built In 1974
Property Summary
Status:
Active
MLS #
DESU2077840
Street Address:
1 Virginia Ave
City, State Zip:
Rehoboth Beach, DE 19971
County
Sussex
Type:
Commercial Sale
Price
$1,175,000
Year Built:
1974
Property Description
Prime retail space located directly on the Rehoboth Beach boardwalk! This is a rare opportunity to own 6,500 +/- sqft of oceanfront commercial space on the Rehoboth Beach boardwalk. Just steps away from the sandy beaches and Atlantic Ocean. This property is located on the ground floor of the well-maintained One Virginia Avenue condominium building. Property has the potential to be subdivided into multiple retail and/or office spaces. Current tenants have operated successfully at this location for over 25 years. . Earn 5% +/- ROI, benefit from bonus depreciation deduction, and enjoy superior appreciation from this unique oceanfront investment property. Call to schedule a showing.Property Details
Property & Interior Info:
Existing Name:
Flooring:
Carpet, Concrete, Tile/Brick
Accessibility:
2+ Access Exits
Items Included:
Heating & Cooling:
Cooling:
Central A/C,Ceiling Fan(s),Heat Pump(s)
Heating:
Zoned, Heat Pump(s)
Utilities:
Water:
Public
Sewer:
Public Sewer
Utilities On Site:
Cable TV, Phone Connected
Building & Construction:
Type:
Commercial Sale
Lot Dimensions:
0.00 x 0.00
Exterior Type:
OTHER PROPERTY INFO
City:
Rehoboth Beach
Area:
Lewes Rehoboth Hundred (31009)
In City Limits:
Yes
New Construction:
No
Historic Distict:
No
Last Price Change:
06/04/2025 05:08:47
# of Day on Market:
72 Days
Financial Info:
List Price:
$1,175,000
County Tax:
311
Annual HOA Fees:
$0
Annual Condo Fees:
$0
Financing Type:
Cash, Conventional
LISTING FIRM
Listing Agent:
Cape Realty
Listing Firm Phone:
2147483647
ASK A QUESTION
Call us at 302-344-9002 or use the form below to contact us regarding this property or to request a private showing.