402 Rehoboth Ave #1,2,3 Rehoboth Beach, Delaware 19971
Location, Location!!One Story office building on the corner of Rehoboth Ave and State Road with excellent exposure. Zoned C-1 commercial. 14 shared parking spaces. Buy and you can use 1,262 sq. ft. of office space yourself or lease out. Zoned C-1 commercial. *Rigbys Restaurant--2643 Sq.Ft.+ 758 Sq.Ft Patio Area has renewed lease to 2023(w/annual increases). They pay $64,927 NNN in 2018. *Lawson Firm 688 sq.ft.Triple Net leasing income is $64,927. *Roof replaced 2014; Painted 2013; 2 HVAC units new in 2012 *For FUTURE POTENTIAL if you wish to re-build, the City will allow a building area of 20,844 (2.0FAR). Maximum building height is 42 feet. Property is fronting on both Rehoboth Avenue and State Road.
Square Feet: 4593.0
Lot Area Acre: 0.32
School District: Cape Henlopen
Estimated Taxes: $2,653
Listing courtesy of Mann & Sons, Inc.