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1 Virginia Avenue Rehoboth Beach, DE $ 1,175,000
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$ 1,175,000 Get more info
1 Virginia Avenue
$ 1,175,000
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1 Virginia Avenue

Rehoboth Beach, DE, 19971
$ 1,175,000
Bedrooms-- Baths-- Sq 6,500

Monthly Estimate*

$ 7,235

1 Virginia Avenue, Rehoboth Beach, DE 19971 - Image 1
1 Virginia Avenue, Rehoboth Beach, DE 19971 - Image 2
1 Virginia Avenue, Rehoboth Beach, DE 19971 - Image 3
1 Virginia Avenue, Rehoboth Beach, DE 19971 - Image 4
1 Virginia Avenue, Rehoboth Beach, DE 19971 - Image 5
1 Virginia Avenue, Rehoboth Beach, DE 19971 - Image 6
1 Virginia Avenue, Rehoboth Beach, DE 19971 - Image 7
1 Virginia Avenue, Rehoboth Beach, DE 19971 - Image 8
1 Virginia Avenue, Rehoboth Beach, DE 19971 - Image 9

Commercial Property for sale in Rehoboth Beach, DE

for $1,175,000. This 6,500 square foot building was built in 1974.

Prime retail space located directly on the Rehoboth Beach boardwalk! This is a rare opportunity to own 6,500 +/- sqft of oceanfront commercial space on the Rehoboth Beach boardwalk. Just steps away from the sandy beaches and Atlantic Ocean. This property is located on the ground floor of the well-maintained One Virginia Avenue condominium building. Property has the potential to be subdivided into multiple retail and/or office spaces. Current tenants have operated successfully at this location for over 25 years. . Earn 5% +/- ROI, benefit from bonus depreciation deduction, and enjoy superior appreciation from this unique oceanfront investment property. Call to schedule a showing.

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Commercial Contingent

Price

$ 1,175,000

Property Type

Commercial

Taxes

$ 3,808

Style

General Retail

Year Built

1974

Town/City

Rehoboth Beach

County/Region

Sussex

MLS | Web ID

DESU2077840
Features
Interior
Heating Fuel Electric
Flooring Carpet Concrete Tile/Brick
Hot Water Electric
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Zoned Heat Pump(s)
Cooling Central A/C Ceiling Fan(s) Heat Pump(s)
Utilities Cable TV Phone Connected
Possession Settlement
Zoning TN
Construction Materials Stucco Concrete
Year Built 1974
Property Subtype Retail
Ownership Condominium
Cool Fuel Electric
Business Type Other/General Retail
Waterfront Features Sandy Beach
Accessibility 2+ Access Exits
County SUSSEX
New Construction N
Property Type Commercial Sale
Water Access Y/N Y
Status ACTIVE UNDER CONTRACT
Directions From Rt.1 continue down Rehoboth Avenue make a left on King Charles Ave and then a Right onto Virginia Ave. Property is at the end of the road on the left.
City REHOBOTH BEACH
Body of Water Atlantic Ocean
Disclosures Agent has Financial Interest
Number Of Units Total 0
MLS Area Lewes Rehoboth Hundred (31009)
Tax Annual Amount 3808.0
Price Per Sq Ft Total AG 180.77
Acceptable Financing Cash Conventional
Lease Considered Y/N N
Vacation Rental Y/N N
Sussex DE Quadrants East of Rt 1
Standard Status Active Under Contract
Year Built Source Estimated
Legal Subdivision NORTH REHOBOTH
Association Recreation Fee N
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Exterior
Water Source Public
Type of Parking None
Water View Y/N N
Building Area Total 6500.00
Lot Dimensions 0.00 x 0.00
Water Body Type Ocean
Waterfront Y/N Y
Water Access Features Public Beach Public Access
Navigable Water Y/N Y
Water Oriented Y/N Y
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Internal Only
Street Number 1 1
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* Excluded Features
List By
Cape Realty

Broker

brent@reedventures.net

Email

Affordability Calculator

$7,552
Per Month
96%
4%
0%
Monthly Principal & Interest
$7,235
Monthly Property Taxes
$317
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/4/2025$1,175,000 -2.08% Price Down
3/25/2025$1,200,000 Listed Price

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1 Virginia Avenue, Rehoboth Beach, DE, 19971 is a Commercial Property for sale at $1,175,000 with 6,500 sqft. 1 Virginia Avenue was built in 1974. The property's zip code is 19971 which is in Rehoboth Beach, DE

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