MLS # DESU2105610
20905 coastal hwy, Rehoboth Beach, DE 19971
$1,395,000
Commercial Sale
Located on the highly desirable Forgotten Mile between Dewey Beach and Rehoboth Beach, this commercially zoned, mixed-use property offers a rare opportunity to own an income-producing asset in one of Delaware’s most sought-after coastal corridors.
The property features three fully leased units, including two residential apartments and one commercial space, providing immediate rental income and strong long-term investment potential.
The second-floor apartment offers approximately 1,100 square feet and is leased through June 30 Read More
Built In 2002
Property Summary
Status:
Active
MLS #
DESU2105610
Street Address:
20905 Coastal Hwy
City, State Zip:
Rehoboth Beach, DE 19971
County
Sussex
Type:
Commercial Sale
Price
$1,395,000
Year Built:
2002
Roofing:
Shingle,Asphalt
Property Description
Located on the highly desirable Forgotten Mile between Dewey Beach and Rehoboth Beach, this commercially zoned, mixed-use property offers a rare opportunity to own an income-producing asset in one of Delaware’s most sought-after coastal corridors. The property features three fully leased units, including two residential apartments and one commercial space, providing immediate rental income and strong long-term investment potential. The second-floor apartment offers approximately 1,100 square feet and is leased through June 30, 2026. This tenant has been in place for eight years, demonstrating excellent stability. On the first floor, the 1,100 square foot commercial space is currently leased on a month-to-month basis, allowing flexibility for future investment strategies or owner use. Also on the first level is a 950 square foot apartment, likewise rented month-to-month. Separate electric meters allow tenants to pay their own electricity, while water and sewer are paid by the owner and billed back to tenants, helping streamline operating expenses. With its prime location just steps from both Dewey Beach and Rehoboth Beach, this property offers exceptional visibility, strong rental demand, and multiple possibilities for investors or future redevelopment. Showings require 24-hour notice to accommodate tenants. Listing agent must accompany all showings.Property Details
Property & Interior Info:
Existing Name:
Flooring:
Carpet, Hardwood, Tile/Brick, Vinyl
Accessibility:
2+ Access Exits
Items Included:
Heating & Cooling:
Cooling:
Heat Pump(s)
Heating:
Forced Air
Utilities:
Water:
Public
Sewer:
Public Sewer
Utilities On Site:
Electric Available, Sewer Available, Water Available
Building & Construction:
Type:
Commercial Sale
Lot Dimensions:
50.00 x 100.00
Exterior Type:
Roofing:
Shingle,Asphalt
Road Surface:
US Highway/Interstate
Road Access:
State
OTHER PROPERTY INFO
City:
Rehoboth Beach
Area:
Lewes Rehoboth Hundred (31009)
In City Limits:
No
New Construction:
No
Historic Distict:
No
Last Price Change:
03/16/2026 11:21:15
# of Day on Market:
4 Days
Financial Info:
List Price:
$1,395,000
County Tax:
0
Annual HOA Fees:
$0
Annual Condo Fees:
$0
Financing Type:
Cash, Conventional
LISTING FIRM
Listing Agent:
Iron Valley Real Estate at The Beach
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.