MLS # DESU2075478
251 rehoboth ave, Rehoboth Beach, DE 19971
$5,500,000
Commercial Sale
Prime commercial property available in one of the East Coast’s most sought-after beach destinations. Positioned at the high-visibility intersection of Rehoboth Avenue and Lake Avenue, this offering consists of two adjoining parcels, both zoned C-1, allowing for a wide variety of commercial and residential development options. With approximately 250 ft of frontage on Rehoboth Avenue and 260 ft on Lake Avenue, the site provides exceptional exposure and accessibility just a short distance from the beach, boardwalk, restaurants, an Read More
Built In 1955
Property Summary
Status:
Active
MLS #
DESU2075478
Street Address:
251 Rehoboth Ave
City, State Zip:
Rehoboth Beach, DE 19971
County
Sussex
Type:
Commercial Sale
Price
$5,500,000
Year Built:
1955
Roofing:
Built-Up,Flat
Property Description
Prime commercial property available in one of the East Coast’s most sought-after beach destinations. Positioned at the high-visibility intersection of Rehoboth Avenue and Lake Avenue, this offering consists of two adjoining parcels, both zoned C-1, allowing for a wide variety of commercial and residential development options. With approximately 250 ft of frontage on Rehoboth Avenue and 260 ft on Lake Avenue, the site provides exceptional exposure and accessibility just a short distance from the beach, boardwalk, restaurants, and year-round attractions. Currently, the property includes two restaurant sites—one operational and leased—along with on-site parking and a leased retail kiosk, providing immediate rental income and flexibility for future use. All building sizes, lot dimensions, and construction years are estimates. This unique opportunity offers outstanding redevelopment potential with zoning that supports numerous permitted uses and unbeatable proximity to downtown amenities. Whether reimagined as a mixed-use project, retail center, hospitality site, or continued food-and-beverage venue, this property delivers exceptional investment value in a premier coastal market. Don’t miss this chance to secure a landmark location in downtown Rehoboth Beach.Property Details
Property & Interior Info:
Existing Name:
Accessibility:
2+ Access Exits
Items Included:
Heating & Cooling:
Cooling:
Central A/C
Heating:
Forced Air
Utilities:
Water:
Public
Sewer:
Public Sewer
Utilities On Site:
Building & Construction:
Type:
Commercial Sale
Exterior Type:
Roofing:
Built-Up,Flat
OTHER PROPERTY INFO
City:
Rehoboth Beach
Area:
Lewes Rehoboth Hundred (31009)
In City Limits:
Yes
New Construction:
No
Historic Distict:
No
Last Price Change:
12/05/2025 02:40:12
# of Day on Market:
380 Days
Financial Info:
List Price:
$5,500,000
County Tax:
356
Annual HOA Fees:
$0
Annual Condo Fees:
$0
LISTING FIRM
Listing Agent:
Coldwell Banker 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.