59 Baltimore Ave, Rehoboth Beach, DE 19971

$3,600,000
List Price
$3,600,000
Days on Market
15
Status
ACTIVE
MLS#
DESU2029054
Lot Size (Acres)
0.11
Year Built
1980
County
Sussex
School District
Cape Henlopen

Property Description

Just listing, a Prime Commercial location on Baltimore Avenue and 2nd Street, ideally located two blocks from the Rehoboth Beach boardwalk, ocean, Rehoboth Avenue, the bandstand, and restaurants. Owner is semi-retiring and has successfully occupied this store for 35 years. The property consists of a 4187 sq. ft. renown retail establishment on 59 Baltimore Ave that can be divided up to 7 rentable units, just across the street from the new Hyatt under construction, and the municipal parking lot. Entrances, electric meters, and plumbing already exists for additional bathrooms and division. It is zoned C-3, Tier 3 and the permitted uses include, but are not limited to retail, bar, restaurant, café-sandwich shop, self-service coin-op laundry, utility office, laboratory, and printing. It is also expandable, by adding a second and third floor as long as the total finished square footage is less than 10,000 sq. ft.. Any changes to the current configuration is subject to plans being submitted and approvals from the city. Rehoboth Beach has been long known as the Nation's Summer Capital but now is a year-round destination and is only a few hours away from both Philadelphia, Washington, D.C. and their surrounding areas, and is Delaware’s largest beach resort. Call for an appointment today.

Additional Information

Area
Lewes Rehoboth Hundred (31009)
Subdivision
North Rehoboth
Taxes
$2637.5
Stories
1
School District
Cape Henlopen
Flooring
Carpet, Concrete
View
Street
Heating
Heat Pump - Electric BackUp, Zoned
Heating Fuel
Electric
Cooling
Central A/C, Zoned, Multi Units
Roof
Flat
Utilities
Cable TV, Phone
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Long & Foster Real Estate, Inc..