1 Virginia Ave #space B, Rehoboth Beach, De 19971 $849,000

Price
$849,000
Bed
N/A
Bath
N/A
Acres
N/A
Town
Rehoboth Beach
MLS
Desu183952

Prime Commercial/retail Space Located Directly On The Rehoboth Beach Boardwalk! This Is A Rare Opportunity To Own 4000 +/- Sqft Of Commercial Space On The Amazing Rehoboth Beach Boardwalk Just Steps Away From The Sandy Beaches And Atlantic Ocean. This Property Is Located On The Ground Floor Of The One Virginia Avenue Building. Property Has The Potential To Be Subdivided Into Multiple Retail Or Office Spaces. If Desired, Current Tenant (rehoboth Toy & Kite) Will Lease Back The Space For 5 Years At A Rental Rate Of $60,000/year. Current Tenant Has Operated Successfully At This Location For Over 25 Years. Net Income Equates To A 5% Annual Roi. Earn 5% Return Annually, Benefit From Depreciation Deduction, And Obtain Superior Appreciation From This Oceanfront Investment Property. Call To Schedule A Showing.

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Exterior Features

Construction Materials
Stucco, concrete
Type of Parking
None
Water Body Type
Ocean

Interior Features

Heating
Zoned, heat Pump(s)
Cooling
Central A/c, ceiling Fan(s), heat Pump(s)
Flooring
Carpet, concrete, tile/brick

Additional Details

Year Built
1974
New Construction
N
Property Type
Commercial Sale
County
Sussex
Lot Size Dimensions
0.00 X 0.00
© Coastal Association of REALTORS All rights reserved. All room dimensions and other measurements are approximate. All information is deemed reliable but not guaranteed. Prospective purchasers should verify the information to their own satisfaction. Real estate listings held by brokerage firms other than Atlantic Shores Realty, LLC. are indicated here. Listing courtesy of Cape Realty. Site maintained by Ryan T. Haley, Broker of Atlantic Shores Realty. Office: (410) 524-0919 | This email address is being protected from spambots. You need JavaScript enabled to view it.