Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1916
Sq.Footage
N/A
Prime corner and highly desired commercial location at the intersection of Rehoboth Avenue and 2nd Street! Just 2 blocks from the beach and directly across from the new Coastal Hotel (extension of Hilton), this premier commercial space consists of 4 retail units that generate approximately $125,000 of revenue annually. Numerous recent upgrades were completed in 2020 and include new floors, interior walls, lighting, entrance doors, ADA bathroom, two new A/C units, and a new heat pump. In 2021 three new hot water heaters were installed. In 2022, two furnaces were replaced with high-efficiency units. Unit A (Charmed City Run) has exclusive use of the rear door, parking space, and attic for storage. Unit B (Gel Z Art) includes 2 large windows on Second Street, a back room, and half bath. Unit C (204 Rehoboth Ave - Into the Mystic) includes a small storage closet and half bath. Unit D (Coastal Hobo) includes a rear access door and a 4,000 SF basement with high ceilings for storage. Excellent investment opportunity!
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Multi Units, Window Unit(s), Electric
-
Heating YN
YES
-
Heating
Electric, Propane, Zoned, Baseboard, Heat Pump
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
-
Parking
On Street, Private, Other
-
Pool
No
-
Waterfront YN
NO
-
View
Street
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.11
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$2,495,000
-
Tax Amount
3082.62
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
CAPE HENLOPEN
Property Features
-
Accessibility Features
Accessible Doors
-
Foundation Details
Block
-
Sewer
Public Sewer
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Location
County
SUSSEX
Elementary School
Middle School
High School
CAPE HENLOPEN
Listing Courtesy of BRYCE LINGO , Jack Lingo - Rehoboth
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