20905 Coastal Highway, Rehoboth Beach, DE 19971
Property Details
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Description
Located on the highly desirable Forgotten Mile between Dewey Beach and Rehoboth Beach, this commercially zoned, mixed-use property offers a rare opportunity to own an income-producing asset in one of Delaware's most sought-after coastal corridors. The property features three fully leased units, including two residential apartments and one commercial space, providing immediate rental income and strong long-term investment potential. The second-floor apartment offers approximately 1,100 square feet and is leased through June 30, 2026. This tenant has been in place for eight years, demonstrating excellent stability. On the first floor, the 1,100 square foot commercial space is currently leased on a month-to-month basis, allowing flexibility for future investment strategies or owner use. Also on the first level is a 950 square foot apartment, likewise rented month-to-month. Separate electric meters allow tenants to pay their own electricity, while water and sewer are paid by the owner and billed back to tenants, helping streamline operating expenses. With its prime location just steps from both Dewey Beach and Rehoboth Beach, this property offers exceptional visibility, strong rental demand, and multiple possibilities for investors or future redevelopment. Showings require 24-hour notice to accommodate tenants. Listing agent must accompany all showings.
PROPERTY DETAILS: Square Feet: 3150
INTERIOR FEATURES: • Flooring: Hardwood, Vinyl, Carpet • Cooling: Electric, Heat Pump • Heating: Electric Heating, Forced Air • Plumbing: Electric Water Heater
EXTERIOR FEATURES: • Parking: 10 Parking Spaces, On Street, Private, Paved, Parking Lot, Driveway. • Exterior: Cedar, Brick Trim/Veneer • Roof: Asphalt, Shingle • Lot Dimensions: 50.00 x 100.00 • Zoning: C-1 • Fence: Fenced • Additional Exterior/Lot Features: Corner Lot
LISTING AGENT: Agent: Frank Hornstein | Office: Iron Valley Real Estate at The Beach | Phone: 8885434829 | Email: [email protected]
LISTING INFORMATION: MLS#: DESU2105610 | Status: FOR SALE
Location
Address
20905 Coastal Highway
City
Rehoboth Beach
Features and Finishes
Interior Features:
• Flooring: Hardwood, Vinyl, Carpet
• Cooling: Electric, Heat Pump
• Heating: Electric Heating, Forced Air
• Plumbing: Electric Water Heater
Exterior Features:
• Parking: 10 Parking Spaces, On Street, Private, Paved, Parking Lot, Driveway.
• Exterior: Cedar, Brick Trim/Veneer
• Roof: Asphalt, Shingle
• Lot Dimensions: 50.00 x 100.00
• Zoning: C-1
• Fence: Fenced
• Additional Exterior/Lot Features: Corner Lot
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