37128 Rehoboth Avenue Extension, Rehoboth Beach, DE 19971

USD 4,000,000
For Sale MLS: DESU2112364

Property Details

Description

Rare and never before offered, this C-1 commercial opportunity is in one of the most visible and sought-after locations in coastal Delaware. Positioned at the entrance to downtown Rehoboth Beach and along Rt. 1 South, this prominent corner assemblage offers exceptional exposure with frontage on both Rehoboth Avenue and Rt. 1/Coastal Highway. This unique mixed-use commercial property offers a versatile investment or owner-user opportunity situated on approximately 0.75 acres with excellent visibility and access. The site features multiple buildings, on-site parking, public utilities, and dual ingress/egress from Coastal Highway with shared access onto Rehoboth Avenue Extension. Additional exposure is provided by two on-site wooden billboards, enhancing advertising potential and traffic visibility. The current building configurations are: (1) A large three-story corner building with a blank-canvas interior ready for redevelopment, repositioning, or owner-user customization. This building consists of a 4,293 square foot warehouse constructed in 2018 with steel beam construction and a flat roof design. The building features decorative windows and balconies, creating an attractive commercial appearance rarely found in traditional warehouse space. Currently configured as an expansive single-story structure, the building was designed with the potential for conversion to a three-story layout, offering significant future expansion possibilities. (2) The former Point Coffee House, a separate storage building, is a 2,905 square foot restaurant facility featuring a typical restaurant finish along with additional rear warehouse/storage space. The restaurant structure is frame constructed and offers flexibility for restaurant, retail, catering, or service-related operations. (3) There is a 2,213 square foot small warehouse with mezzanine space within a pole building design, ideal for storage, workshop, distribution, or light industrial use. The property is further enhanced with site improvements already in place, making it well suited for a variety of commercial, industrial, retail, restaurant, or redevelopment opportunities in a high-traffic corridor location.With unparalleled visibility, strong traffic counts, and a gateway location serving both downtown Rehoboth Beach and the Rt. 1 corridor, this is a truly unique investment and development opportunity.

PROPERTY DETAILS: Square Feet: 075

INTERIOR FEATURES: • Flooring: Concrete • Cooling: None • Heating: None

EXTERIOR FEATURES: • Parking: 13 Parking Spaces, Private, Paved, Other, Driveway. • Exterior: Frame, Block • Roof: Shingle • Lot Dimensions: 111.00 x 145.00 • Zoning: C-1 • Additional Exterior/Lot Features: Corner Lot

LISTING AGENT: Agent: Dustin Oldfather | Office: Compass | Phone: 3022029855 | Email: [email protected]

LISTING INFORMATION: MLS#: DESU2112364 | Status: FOR SALE

Location

Address

37128 Rehoboth Avenue Extension

City

Rehoboth Beach

Features and Finishes

Interior Features:

• Flooring: Concrete

• Cooling: None

• Heating: None

Exterior Features:

• Parking: 13 Parking Spaces, Private, Paved, Other, Driveway.

• Exterior: Frame, Block

• Roof: Shingle

• Lot Dimensions: 111.00 x 145.00

• Zoning: C-1

• Additional Exterior/Lot Features: Corner Lot

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