1 VIRGINIA AVE, Rehoboth Beach, DE 19971
1 VIRGINIA AVE, Rehoboth Beach, DE 19971
1 VIRGINIA AVE, Rehoboth Beach, DE 19971
Listed by Brent Reed • Cape Realty
Bought with Lee Ann Wilkinson • Berkshire Hathaway HomeServices PenFed Realty
$1,025,000
$1,175,000 12.8%
Est. payment /mo

UPDATED:

Key Details

Sold Price $1,025,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID DESU2077840

Sold Date 05/20/26

Year Built 1974

Annual Tax Amount $3,808

Lot Dimensions 0.00 x 0.00

Property Sub-Type Retail

Source BRIGHT

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.

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning TN

Interior

Hot Water Electric

Heating Zoned, Heat Pump(s)

Cooling Central A/C, Ceiling Fan(s), Heat Pump(s)

Flooring Carpet, Concrete, Tile/Brick

Heat Source Electric

Exterior

Utilities Available Cable TV, Phone Connected

Waterfront Description Sandy Beach

Water Access Y

Water Access Desc Public Beach,Public Access

Accessibility 2+ Access Exits

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Cape Henlopen

Others

Tax ID 334-14.14-14.00-A

Ownership Condominium

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

John Davison
John Davison

+1(484) 986-7388 | john@digz.house

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