Bought with Lee Ann Wilkinson • Berkshire Hathaway HomeServices PenFed Realty
$1,025,000
$1,175,000
12.8%For more information regarding the value of a property, please contact us for a free consultation.
1 VIRGINIA AVE Rehoboth Beach, DE 19971
Key Details
Sold Price $1,025,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DESU2077840
Sold Date 05/20/26
Year Built 1974
Annual Tax Amount $3,808
Lot Dimensions 0.00 x 0.00
Property Sub-Type Retail
Source BRIGHT
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.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning TN
Interior
Hot Water Electric
Heating Zoned, Heat Pump(s)
Cooling Central A/C, Ceiling Fan(s), Heat Pump(s)
Flooring Carpet, Concrete, Tile/Brick
Heat Source Electric
Exterior
Utilities Available Cable TV, Phone Connected
Waterfront Description Sandy Beach
Water Access Y
Water Access Desc Public Beach,Public Access
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 334-14.14-14.00-A
Ownership Condominium
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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