402 REHOBOTH AVE $2,450,000



    • 4,593 sq.ft.
    • 0.32 Acres
    • Commercial
    MLS# 1001565104 | PENDING


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    Days On Market: 133 0 Views
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    Property Details

    Location, location! One story office building on the corner of Rehoboth Ave and Sate Road with excellent exposure. Zoned C-1 Commercial. Rigby's Restaurant- 2643 Sq. Ft. + 758 Sq. Ft. Patio Area has a renewed lease to 2023 (w/annual increase). They pay $64,927 NNN in 2018. Lawson Firm- 688 sq. ft. Triple net leasing income is $64,927. Roof replaced in 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 ft. Property is fronting on both Rehoboth Avenue and State Road.

    • General Features
      • Condo Coop Association Y/N N
      • County SUSSEX
      • HOA Y/N N
      • New Construction Y/N N
      • Sale Type Standard
      • Water Access Y/N N
      • Waterfront Y/N N
      • Year Built 1974
      • Zoning C1
    • Building Features
      • Building Name NONE AVAILABLE
      • Roof Shingle, Asphalt
      • Heating Type Forced Air, Heat Pump(s)
      • Sewer Septic Public Sewer
      • Building Total SqFt 4593.00
      • Business Type Commercial, Professional/Office
      • Cooling Type Heat Pump(s)
      • Cooling Fuel Electric
      • Electric Service Circuit Breakers
      • Current Use Office, Restaurant
      • Flooring Type Carpet
      • Heating Fuel Electric
    • Property Features
      • Lot Size Acres 0.32
      • Lot Size Area 0
    • Schools
      • School District CAPE HENLOPEN


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    Mobile Phone: 866-486-5636


    Market Last 30 Days

    $75,000 Median Sales Price
    1 Homes Sold
    97 New On Market

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        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,450,000
        10/13/2018 2:26:23 PM Status Changed Source New Value: PENDING
        6/6/2018 10:12:00 AM New in Database Source

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