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59 BALTIMORE AVE Rehoboth Beach, DE 19971 -- MLS# DESU2029054 Real Estate

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59 BALTIMORE AVE
Rehoboth Beach, DE 19971
FOR
SALE
$3,600,000
For Sale
0.11
Acres
1980
Yr. Built
MLS# DESU2029054
Listed on site 237 days since October 6th, 2022

Property Details

Being offered, a Prime Commercial location on Baltimore Avenue and 2nd Street, ideally located two blocks from the Rehoboth Beach boardwalk, ocean, Rehoboth Avenue, the bandstand, and restaurants. Owner is semi-retiring and has successfully occupied this store for 35 years. The property consists of a 4187 sq. ft. renown retail establishment on 59 Baltimore Ave that can be divided up to 7 rentable units, just across the street from the new Hyatt under construction, and the municipal parking lot. Entrances, electric meters, and plumbing already exists for additional bathrooms and division. It is zoned C-3, Tier 3 and the permitted uses include, but are not limited to retail, bar, restaurant, café-sandwich shop, self-service coin-op laundry, utility office, laboratory, and printing. It is also expandable, by adding a second and third floor as long as the total finished square footage is less than 10,000 sq. ft.. Any changes to the current configuration is subject to plans being submitted and approvals from the city. Rehoboth Beach has been long known as the Nation's Summer Capital but now is a year-round destination and is only a few hours away from both Philadelphia, Washington, D.C. and their surrounding areas, and is Delaware’s largest beach resort. Call for an appointment today.

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Property Highlights

Status
For Sale
Price
$ 3,600,000
Property Type
Commercial Sale
Acres
0.11
Year Built
1980

Location

Subdivision
North Rehoboth
Lot Description
Other
County
SUSSEX
Water View
No
Water Front
No

Heating, Cooling & Utilities

Heating
Heat Pump - Electric BackUp, Zoned
Cooling
Central A/C, Zoned, Multi Units
Heating Fuel
Electric
Navigable Water
No
Sewer/Septic
Public Sewer

Features

Location Type
Downtown
Handicap
None

Building Details

Parking
Public
New Construction
No
Exterior Construction
Block
Exposure
Flat

Taxes & Terms

Ownership Interest
Fee Simple
Taxes
$2,638
Ownership Interest
Fee Simple
Potential Short Sale
Standard
Listed by Long & Foster Real Estate, Inc.. Listing Data last updated 1st June, 2023 08:00 MST
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Property History

237 days ago
Property Listed
Today
Property info last updated

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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Listing information on this site was last updated 1st June, 2023 08:00 MST. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MRIS MLS Real estate listings held by brokerage firms other than Tansey-warner Realty, may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Listing Data last updated: 1st June, 2023 08:00 MST
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Tansey-Warner Realty,
39824 Hickman Plaza Rd
Bethany Beach, DE 19930

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All Listings data based on information from Sussex County Association of REALTORS®, Inc which neither guarantees nor is in any way responsible for it's accuracy. All data is provided 'AS IS' and with all it's faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market. Tansey Warner Inc. is a Real Estate licensee in the Sussex License Number: SCAOR07041


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