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Key Details
Sold Price $1,875,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DESU2049350
Sold Date 10/17/24
Originating Board BRIGHT
Year Built 1970
Annual Tax Amount $3,061
Tax Year 2023
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 139.00 x 77.00
Property Description
Incredible investment opportunity in the booming beach town of Rehoboth Beach, Delaware, this +/-.36-acre lot sits on two commercially zoned parcels with great development potential. The 5,600 SF building is currently used as the established and successful restaurant and bar, Just in Thyme, with two 2-bedroom apartments upstairs, both on month-to-month leases and offers parking for 38 cars. With 61 ft of frontage on Coastal Hwy Route 1, the lot has very high visibility year-round and convenient access to both downtown Rehoboth and Dewey Beach. Perfect for an owner/user, developer, investor, or restauranteur, schedule your private tour today!
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning C1
Interior
Hot Water 60+ Gallon Tank
Heating Heat Pump(s)
Cooling Central A/C, Ceiling Fan(s), Ductless/Mini-Split, Heat Pump(s)
Flooring Carpet, Ceramic Tile, Concrete, Hardwood
Heat Source Electric, Propane - Metered
Exterior
Garage Spaces 57.0
Waterfront N
Water Access N
Roof Type Flat,Shingle
Accessibility Level Entry - Main
Parking Type Parking Lot
Total Parking Spaces 57
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 334-20.09-26.00
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, Cash, Negotiable, Seller Financing
Listing Terms Conventional, Cash, Negotiable, Seller Financing
Financing Conventional,Cash,Negotiable,Seller Financing
Special Listing Condition Standard
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