Property

Rehoboth Beach, DE 19971 47 Rehoboth Avenue

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Presented By: BRITTANY DANAHY with DSM COMMERCIAL - 3022270768;
  • MLS# DESU2120934
  • 09/20/2026
  • Request Tour
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Home Details

Price Reduced following a great 2026 Season! Positioned along the first block of Rehoboth Avenue next to Louies Pizza in the heart of downtown Rehoboth Beach, this rare opportunity offers the sale of a fully built-out, second-generation food service operation with proven seasonal revenue and established customer recognition. The Ritas franchise has successfully operated at the location since 2017 and occupies an approximately 2,000 SF space featuring seating for approximately 24 patrons, upgraded storefront glass installed in 2023, dual HVAC systems replaced in 2025, a 50-gallon grease trap, and excellent street frontage, pedestrian visibility, and signage exposure along one of Delawares premier coastal retail corridors. All furniture, fixtures, and equipment are included in the sale, and the franchise is optional, allowing a buyer to continue the existing Ritas operation or introduce a new concept. Existing lease structure is in place through 12/31/2026 with a new 10-year option available.
Presented By: BRITTANY DANAHY with DSM COMMERCIAL - 3022270768;

Interior Features for 47 Rehoboth Avenue

Bathrooms

Total Restrooms2

Other Interior Features

SeatingCapacity24
Central Air Y/NNo
FlooringLuxury Vinyl Plank, Luxury Vinyl Tile, Other
Heating FuelElectric
Heating Y/NYes
Hot WaterInstant Hot Water
Number of Elevators
Total Stories1

General for 47 Rehoboth Avenue

AccessibilityLevel Entry - Main
Business TypeRestaurant/Bar
CityREHOBOTH BEACH
Construction MaterialsGlass, Mixed, Other
CountySUSSEX
Current UseRestaurant
DirectionsFrom the Rehoboth Beach boardwalk, walk west less than a block. Rita's is on the right hand side, next to Louie's Pizza.
HeatingHeat Pump(s)
Leasable Area2000
Legal SubdivisionNORTH REHOBOTH
Location TypeDowntown
Lot Size Square Feet4792.00
Lot Size UnitsSquare Feet
MLS AreaLewes Rehoboth Hundred (31009)
New ConstructionNo
PossessionSettlement
Property ConditionExcellent
Property SubtypeRetail
Property TypeBusiness Opportunity
Property UseOwner User
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Sussex DE QuadrantsEast of Rt 1
Tax Annual Amount7225.0
Tax Year2026
Vacation Rental Y/NNo
ViewOcean, Street
Virtual TourClick here
Water Access Y/NNo
Year Built1970
Year Built SourceEstimated
ZoningTN

Exterior for 47 Rehoboth Avenue

Building Area Total0.00
Land Use Code422
Lot Dimensions50.00 x 100.00
Lot Size Acres0.11
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NYes
Waterfront Y/NNo

Additional Details

Price History

Brian Lee

Associate
Price $200,000
MLS#DESU2120934
List Date 09/20/2026
Property Type Business Op
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