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Listing IDDESU2027722
Sold For$1,492,500
SqFt
1,521
Acres
0.110
StatusCLOSED
CountySussex
Year Built1960
Property TypeCommercial Sale
Property Sub TypeMixed Use
Great ocean block investment opportunity in Rehoboth Beach! Restaurant/business space with indoor and covered outdoor seating on 1st floor, with a nicely renovated 3 BR/2 bath condo on the 2nd and 3rd floor. Fabulous location on the front half of the ocean block of Wilmington Avenue. Operate your business on the 1st floor and live upstairs in the condo, or lease both. Year of construction (1960) is an estimate. Actual date is unknown.
County
Sussex
Price/SqFt
1018.41
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Year Built
1960
Zoning
C1
Building Total SqFt Source
Estimated
Central Air
no
Cooling Type
Heat Pump(s)
Flooring Type
Hardwood, Carpet, Ceramic Tile
Heating
yes
Heating Type
Forced Air
Construction Materials
Concrete
Cooling Fuel
Electric
Heating Fuel
Electric
Hot Water
Bottled Gas, Electric
Lot Size Source
Estimated
Lot Size Units
Square Feet
New Construction
no
Road Responsibility
City/County
Roof
Architectural Shingle
Sewer Septic
Public Sewer
Tidal Water
no
Type of Parking
None
Utilities
Propane, Phone
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Building Name
Sea House
Country
US
In City Limits
yes
Location Type
Free Standing
MLS Area
Lewes Rehoboth Hundred (31009)
Waterfront
no
Accessibility Features
None
Base Off Market Date
2022-12-30T00:00:00+00:00
Business Type
Restaurant/Bar, Other
Days on Market
1
Historic
no
Potential Tenancy
Multiple
Property Condition
Excellent
Property Use
Investment
Sussex DE Quadrants
East of Rt 1
Year Built Source
Estimated
Acceptable Financing
Cash, Conventional
Association Recreation Fee
N
Automatically Update Tax Values
no
Buyer Financing
Conventional, Other
Exclusions
Seller will provide a list of personal items to be agreed upon by both parties within 1 week of contract
Ground Rent Exists
no
Inclusions
Commercial unit, 1st floor-Kitchen Hood System
Residential unit- furnished with exclusions
Net SqFt
507
Ownership Interest
Fee Simple
Possession
Settlement
Riparian Rights
no
Sale Type
Standard
Vacation Rental
no
Listing courtesy of Jack Lingo - Rehoboth (302) 227-3883
© 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 Jack Lingo - Rehoboth. Data last updated on Thursday, February 2nd, 2023 06:44:59 PM.
Contact - Listing ID DESU2027722
John Luca
88 Lantana Dr.
Hockessin, DE 19707
Phone: 3029996966
Phone Alt: 3027405872
Data services provided by IDX Broker
