800-441-8118

402 REHOBOTH AVE, REHOBOTH BEACH

MLS #1001565104
Listing #1001565104: image #1

$ 2,450,000

Lot: 10,422 sq. ft.
Sq. Ft. Total: 4,593
  • Description

    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.

    Listed By: 
    MANN & SONS INC
  • Property Details
    Commercial Subtype: 
    Commercial Buildings For Sale

    Building Name:

    Lot Size Unit (ft/acre): 
    Square Feet
    Lot Sq. Feet: 
    10422
  • Exterior Features
    Exterior Type: 
    Wood
    Roofing: 
    Shingle
    Asphalt
    Site Improvement: 
    None
    Sewer: 
    Public Sewer
    Water: 
    Public
  • Interior Features

    Interior Features

    Heating System: 
    Forced Air
    Heat Pump(s)
    Cooling System: 
    Heat Pump(s)
    Primary Flooring: 
    Carpet

Map

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