About 1 Virginia Ave
Prime retail space located directly on the Rehoboth Beach boardwalk! This is a rare opportunity to own 6,500 +/- sqft of oceanfront commercial space on the Rehoboth Beach boardwalk. Just steps away from the sandy beaches and Atlantic Ocean. This property is located on the ground floor of the well-maintained One Virginia Avenue condominium building. Property has the potential to be subdivided into multiple retail and/or office spaces. Current tenants have operated successfully at this location for over 25 years. . Earn 5% +/- ROI, benefit from bonus depreciation deduction, and enjoy superior appreciation from this unique oceanfront investment property. Call to schedule a showing.
Features of 1 Virginia Ave
| MLS® # | DESU2077840 |
|---|---|
| Price | $1,175,000 |
| Bathrooms | 0.00 |
| Square Footage | 6,500 |
| Acres | 0.00 |
| Year Built | 1974 |
| Type | Commercial Sale |
| Sub-Type | Condo, Retail |
| Status | Active |
Community Information
| Address | 1 Virginia Ave |
|---|---|
| Area | Lewes Rehoboth Hundred (31009) |
| City | REHOBOTH BEACH |
| County | SUSSEX-DE |
| State | DE |
| Zip Code | 19971 |
Amenities
| Utilities | Phone Connected, Cable TV |
|---|---|
| Is Waterfront | Yes |
| Waterfront | Ocean |
Interior
| Heating | Heat Pump(s), Zoned |
|---|---|
| Cooling | Central A/C, Ceiling Fan(s), Heat Pump(s) |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Stucco, Concrete/Block |
|---|
School Information
| District | CAPE HENLOPEN |
|---|
Additional Information
| Date Listed | March 25th, 2025 |
|---|---|
| Days on Market | 215 |
| Zoning | TN |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Cape Realty |
|---|---|
| Contact Info | (302) 313-1236 |