59 Baltimore Avenue,
Rehoboth Beach,
Delaware DE19971-2131
Listing IDDESU2029054
Price$3,600,000
Price/SqFt$860.22
StatusACTIVE
SqFt
4,185
Acres
0.110
CountySussex
SubdivisionNORTH REHOBOTH
Year Built1980
Property TypeCommercial Sale
Property Sub TypeRetail
Being offered, 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.
County
Sussex
Price/SqFt
860.22
Property Sub Type
Retail
Property Type
Commercial Sale
Subdivision
NORTH REHOBOTH
Year Built
1980
Zoning
TN
Building Total SqFt Source
Estimated
Central Air
yes
Cooling Type
Central A/C, Zoned, Multi Units
Flooring Type
Carpet, Concrete
Heating
yes
Heating Type
Heat Pump - Electric BackUp, Zoned
Building Units Total
1
Construction Materials
Block
Cooling Fuel
Electric
Electric Service
Circuit Breakers
Foundation Details
Slab
Heating Fuel
Electric
Hot Water
Electric
Lot Dimensions Source
Assessor
Lot Features
Other
Lot Size Dimensions
50.00 x 100.00
Lot Size Source
Assessor
Lot Size Units
Square Feet
New Construction
no
Parking Features
Public
Road Responsibility
City/County
Road Surface Type
Black Top
Roof
Flat
Sewer Septic
Public Sewer
Tidal Water
no
Type of Parking
On Street
Utilities
Cable TV, Phone
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Country
US
In City Limits
yes
Location Type
Downtown
MLS Area
Lewes Rehoboth Hundred (31009)
Transportation
Bus Stop less than 1 mile
Views
Street
Waterfront
no
Accessibility Features
None
Business Type
Other/General Retail
Days on Market
116
Land Use Code
999
Municipal Trash
no
Potential Tenancy
Multiple
Property Condition
Very Good
Property Use
Owner User
Sussex DE Quadrants
East of Rt 1
Year Assessed
2022
Year Built Source
Estimated
Acceptable Financing
Cash, Conventional
Automatically Update Tax Values
yes
Ground Rent Exists
no
Net SqFt
4185
Ownership Interest
Fee Simple
Possession
61-90 Days CD
Refuse Expense
500
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
2637.5
Tax Lot
59
Tax Year
2021
Vacation Rental
no
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Contact - Listing ID DESU2029054
Paul Whitney
Listing courtesy of Long & Foster Real Estate, Inc. 302-542-0228
© 2023 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Long & Foster Real Estate, Inc.. Data last updated on Friday, February 3rd, 2023 11:59:19 PM.
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