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402 REHOBOTH AVENUE, Rehoboth Beach, DE 19971

$2,450,000
Commercial Property MLS# 1001565104 ID: 52229568
$2,450,000 Get Rates

Commercial - REHOBOTH BEACH, DE
Location, location! One story office building on the corner of Rehoboth Ave and Sate Road with excellent exposure. Zoned C-1 Commercial. "Rigby's Restaurant- 2643 Sq. Ft. + 758 Sq. Ft. Patio Area has a renewed lease to 2023 (w/annual increase). They pay $64,927 NNN in 2018. Lawson Firm- 688 sq. ft. Triple net leasing income is $64,927. Roof replaced in 2014; Painted 2013; 2 HVAC units new in 2012. For FUTURE POTENTIAL if you wish to re-build, the City will allow a building area of 20,844 (2.0FAR). Maximum building height is 42 ft. Property is fronting on both Rehoboth Avenue and State Road.

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Location Information near 402 REHOBOTH AVENUE
Offered by CHARLES RENSCHLER at MANN & SONS INC

Would you like more information regarding this property?
Please call (302) 227-9477.

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Property Features for 402 REHOBOTH AVENUE
Status
Market Status
Available
Last Updated
July 19, 2018
Description
Property Type
Commercial Property
Year Built
1974
Approx. Lot Size
0.24 Acres

Building Features

  • Cooling System: Heat Pumps
  • Handicapped Access
  • Heating System: Forced Air; Heat Pump

Exterior Features

  • Exterior Construction: Composition; Wood Siding

Legal/Financial

  • Taxes

Listing Features

  • Property Type: Commercial;

Data Provided by TREND MLS

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More information about this $2,450,000 Commercial Property at 402 REHOBOTH AVENUE

This $2,450,000 Commercial Property at 402 REHOBOTH AVENUE in Rehoboth Beach, DE is presented by CHARLES RENSCHLER. This $2,450,000 Commercial Property, located in the 19971 zip code, has the following property features: Exterior Construction, Taxes, Handicapped Access, Cooling System. This 402 REHOBOTH AVENUE Commercial Property, located in Sussex County , is listed under MLS listing number 1001565104 and has a listing price of $2,450,000. You can find more Rehoboth Beach homes for sale here.