Property
Rehoboth Beach, DE 19971 1 Virginia Avenue
$1,175,000
4 more
Presented By: Cape Realty
SQFT • 6,500
SQFT • 6,500Home Details
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.
Presented By: Cape Realty
Interior Features for 1 Virginia Avenue
Other Interior Features
Central Air Y/NYes
FlooringCarpet, Concrete, Tile/Brick
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
General for 1 Virginia Avenue
Acceptable FinancingCash, Conventional
Accessibility2+ Access Exits
Association Recreation FeeN
Body of WaterAtlantic Ocean
Business TypeOther/General Retail
CityREHOBOTH BEACH
Construction MaterialsStucco, Concrete
Cool FuelElectric
CoolingCentral A/C, Ceiling Fan(s), Heat Pump(s)
CountySUSSEX
DirectionsFrom Rt.1, continue down Rehoboth Avenue, make a left on King Charles Ave, and then a Right onto Virginia Ave. Property is at the end of the road on the left.
DisclosuresAgent has Financial Interest
HeatingZoned, Heat Pump(s)
Lease Considered Y/NNo
Legal SubdivisionNORTH REHOBOTH
MLS AreaLewes Rehoboth Hundred (31009)
New ConstructionNo
Number Of Units Total0
OwnershipCondominium
PossessionSettlement
Price Per Sq Ft Total AG180.77
Property SubtypeRetail
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Sussex DE QuadrantsEast of Rt 1
Tax Annual Amount3808.0
UtilitiesCable TV, Phone Connected
Vacation Rental Y/NNo
Water Access Y/NYes
Waterfront FeaturesSandy Beach
Year Built1974
Year Built SourceEstimated
ZoningTN
Exterior for 1 Virginia Avenue
Building Area Total6500.00
Land Use CodeCC
Lot Dimensions0.00 x 0.00
LotDimensionsSourceEstimated
Navigable Water Y/NYes
Total Loading Docks
Total Parking Spaces
Type of ParkingNone
Water Access FeaturesPublic Beach, Public Access
Water Body TypeOcean
Water Oriented Y/NYes
Water SourcePublic
Water View Y/NNo
Waterfront Y/NYes
Additional Details
Price History
Charles Torres
Owner