For more information or a personal tour call John & Mary now at 302-740-5872
Listing IDDESU2032464
Price$2,400,000
SqFt
5,600
Acres
0.240
StatusACTIVE
CountySussex
Year Built1970
Property TypeCommercial Sale
Property Sub TypeMixed Use
Successful turn-key restaurant with two 2nd floor residential apartments and additional lot (parking, .08ac) located directly on northbound Coastal Highway (66k VPD) in Rehoboth Beach, DE. Existing, freestanding building is situated on .24ac on the corner of Coastal Highway and Robinsons Drive, the main thru-way to downtown Rehoboth Beach. Excellent visibility and access. Potential for additional development exists with the additional .08ac lot included. Established, thriving year-round restaurant, Just In Thyme - an area mainstay for 38 seasons, all FF&E including 18' hood included. +/-2,800sf restaurant seats 130 (bar & dining room), currently operated for dinner service 7-days/week. Two 2bdrm/1bath separately metered apartments located on the second floor. New roof & HVAC (2016). 38 private parking spaces. Excellent opportunity for owner/user, developer, investor.
County
Sussex
Price/SqFt
428.57
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Year Built
1970
Zoning
C1
Building Total SqFt Source
Estimated
Central Air
yes
Cooling Type
Central A/C, Ceiling Fan(s), Ductless/Mini-Split, Heat Pump(s)
Heating
yes
Heating Type
Heat Pump(s)
Building Units Total
1
Car Parking Spaces
38
Construction Materials
Combination, Stick Built
Cooling Fuel
Electric
Heating Fuel
Electric, Propane - Metered
Hot Water
60+ Gallon Tank
Lot Dimensions Source
Assessor
Lot Size Dimensions
139.00 x 77.00
Lot Size Source
Assessor
Lot Size Units
Square Feet
New Construction
no
Parking Features
Private, Surface
Sewer Septic
Public Sewer
Tidal Water
no
Total Garage and Parking Spaces
38
Type of Parking
Parking Lot
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Building Name
NONE AVAILABLE
Country
US
In City Limits
no
Location Type
Highway
MLS Area
Lewes Rehoboth Hundred (31009)
Traffic Count
Greater than 30000
Waterfront
no
Accessibility Features
Level Entry - Main
Business Type
Restaurant/Bar, Apartment Building, Parking Lot
Days on Market
1
Historic
no
Land Use Code
999
Potential Tenancy
Multiple
Property Use
Owner User
Sussex DE Quadrants
East of Rt 1
Year Assessed
2022
Year Built Source
Estimated
Acceptable Financing
Conventional
Automatically Update Tax Values
yes
Ground Rent Exists
no
Ground Rent Payment Frequency
Annually
Lease Considered
no
Net SqFt
5600
Ownership Interest
Fee Simple
Possession
Settlement, Negotiable
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
2954
Tax Lot
26
Tax Opportunity Zone
N
Tax Year
2022
Vacation Rental
no
Listing courtesy of DSM COMMERCIAL 3022270768
© 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 DSM COMMERCIAL. Data last updated on Monday, March 27th, 2023 08:52:56 AM.
Contact - Listing ID DESU2032464
John Luca
88 Lantana Dr.
Hockessin, DE 19707
Phone: 3029996966
Phone Alt: 3027405872
Data services provided by IDX Broker
