1 VIRGINIA AVENUE, Rehoboth Beach, DE 19971

Commercial Property
Built in 1974
—— sqft lot
—— car garage
$——/sqft
Listed 3 months ago

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.

Listing Status:: Active
Date Added:: March 25, 2025 at 05:00AM
Listing Office:: Cape Realty : 3023131236
Listing Agent:: Brent M Reed : 3022657400
MLS ID:: DESU2077840

Flooring: CarpetConcreteTile/Brick
A/C: Central A/CCeiling Fan(s)Heat Pump(s)
Heating: YZonedHeat Pump(s)Electric
Disability Feature: 2+ Access Exits

This listing courtesy of Brent M Reed, Cape Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Rehoboth Elementary School

500 Stockley St, Rehoboth Beach, DE, 19971

Grades KG-5

0.96 miles away

Beacon Middle School

19483 John J Williams Hwy, Lewes, DE, 19958

Grades 6-8

3.89 miles away

Cape Henlopen High School

1250 Kings Hwy, Lewes, DE, 19958

Grades 9-12

4.71 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.