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Listed by Lee Ann Wilkinson • Berkshire Hathaway HomeServices PenFed Realty
$7,995,000
Est. payment /mo
0.73 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID DESU2112272
HOA Y/N N
Annual Tax Amount $4,182
Tax Year 2025
Lot Size 0.730 Acres
Acres 0.73
Property Sub-Type Other
Source BRIGHT
Property Description
REHOBOTH AVENUE MEETS POSSIBILITY. A rare opportunity to acquire one of downtown Rehoboth Beach's most prominent redevelopment sites. Positioned at the highly visible corner of Rehoboth Avenue and State Road, just four blocks from the iconic Rehoboth Beach Boardwalk, this nearly three-quarter-acre parcel sits at the center of one of the East Coast's most desirable coastal destinations.The primary parcel consists of 0.53 acres of C-1 Commercial-zoned land with substantial frontage along Rehoboth Avenue, offering exceptional visibility and accessibility. A secondary 0.20-acre parcel zoned R-1 Residential provides valuable off-street parking, enhancing the development potential of the site. Whether your vision is a boutique hotel, destination restaurant, mixed-use development, retail center or an entirely unique concept, this property offers the scale, location, and flexibility to bring it to life. For purchasers seeking an even larger footprint, two adjacent residential lots, each slightly larger than 50' x 100' are available separately ($1.250M each) creating additional possibilities for expansion and future development. All existing improvements convey in as-is condition. Renovation, repurposing, or removal of the existing structures shall be the responsibility of the purchaser. Opportunities of this size and prominence in downtown Rehoboth Beach are exceptionally rare.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning TN
Exterior
Water Access N
Street Surface Paved
Road Frontage City/County
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District Cape Henlopen
Others
Tax ID 334-14.17-139.00
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Nearby School & Business
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