20905 COASTAL HWY Rehoboth Beach, DE 19971
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID DESU2105610
Year Built 2002
Annual Tax Amount $2,233
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50.00 x 100.00
Property Sub-Type Retail
Source BRIGHT
Property Description
The property features three fully leased units, including two residential apartments and one commercial space, providing immediate rental income and strong long-term investment potential.
The second-floor apartment offers approximately 1,100 square feet and is leased through June 30, 2026. This tenant has been in place for eight years, demonstrating excellent stability.
On the first floor, the 1,100 square foot commercial space is currently leased on a month-to-month basis, allowing flexibility for future investment strategies or owner use. Also on the first level is a 950 square foot apartment, likewise rented month-to-month.
Separate electric meters allow tenants to pay their own electricity, while water and sewer are paid by the owner and billed back to tenants, helping streamline operating expenses.
With its prime location just steps from both Dewey Beach and Rehoboth Beach, this property offers exceptional visibility, strong rental demand, and multiple possibilities for investors or future redevelopment.
Showings require 24-hour notice to accommodate tenants. Listing agent must accompany all showings.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning C-1
Interior
Hot Water Electric
Heating Forced Air
Cooling Heat Pump(s)
Flooring Carpet, Hardwood, Tile/Brick, Vinyl
Heat Source Electric
Exterior
Garage Spaces 10.0
Utilities Available Electric Available, Sewer Available, Water Available
Water Access N
View Street
Roof Type Shingle,Asphalt
Street Surface US Highway/Interstate
Accessibility 2+ Access Exits
Road Frontage State
Total Parking Spaces 10
Garage N
Building
Lot Description Road Frontage
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 334-20.09-157.00
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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