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20575 Coastal Highway Rehoboth Beach, DE $ 2,795,000
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$ 2,795,000 Get more info
20575 Coastal Highway
$ 2,795,000
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Share Save

20575 Coastal Highway

Rehoboth Beach, DE, 19971
$ 2,795,000
Baths0.0 Sq 33,075

Monthly Estimate*

$ 18,576

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View a Virtual Tour
Studio

Commercial Property for sale in Rehoboth Beach, DE

for $2,795,000. This 33,075 square foot building was built in 1958 on a lot size of 0.71.

BEING OFFERED, a great opportunity to purchase an auto dealership at a Prime Commercial location on the east side of Coastal Highway in Rehoboth Beach, but not within the city limits. Real Estate Only. This sale consists of 2 parcels that are being sold as one and are Zoned C-1. The dealership features a large corner parking lot, a showroom, an office, a garage with an auto lift, an air compressor and much more. The second parcel includes a 2-bedroom 1-bathroom home with a full basement and an attic that is being sold AS-IS. These properties are perfect for re-development, or you can use it as it is. 20362 State Road is the address of the adjacent property with the home located on it. Call for an appointment today!

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Commercial Active

Price

$ 2,795,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,605

Style

Auto Related

Lot Size

0.71

Year Built

1958

Town/City

Rehoboth Beach

County/Region

Sussex

MLS | Web ID

DESU2054226
Features
Interior
Heating Fuel Propane - Leased
Flooring Ceramic Tile
Hot Water Electric
Heating Y/N Y
Street Suffix HIGHWAY
Central Air Y/N Y
Total Restrooms 2
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General
Sewer Public Sewer
Heating 90% Forced Air
Cooling Central A/C
Utilities Propane
Possession 31-60 Days CD
Roof Flat
Zoning C-1
Security Features Monitored
Construction Materials Asphalt Masonry
Year Built 1958
Electric 200+ Amp Service Circuit Breakers
View Other
Property SubType Land for Commercial Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Auto Related
Accessibility None
County SUSSEX
New Construction N
Property Type Commercial Sale
Possible Use Bar/Tavern/Lounge Barber/Beauty Beer/Wine/Liquor Car Wash Commercial Day Care Drive-Thru Dry Cleaner Florist/Nursery Food Market Food & Beverage Laundromat Liquor Store Medical/Dental Parking Printin
Water Access Y/N N
Status ACTIVE
Directions Located on the corner of Bay Road and Route One (Coastal Hwy)
City REHOBOTH BEACH
Buyer Agent Compensation 2.5
Disclosures Prop Disclosure
NumberOfUnitsTotal 0
MLS Area Lewes Rehoboth Hundred (31009)
Lot Size Units Square Feet
Lot Size Square Feet 30923.00
Waterfront Y/N N
Street Name COASTAL
Tax Annual Amount 1605.0
Property Condition Excellent
Acceptable Financing Cash Conventional
Vacation Rental Y/N N
Virtual Tour https://youtu.be/F4zxPFKKwYM
Days on Market 141
Location Type Highway
Sussex DE Quadrants East of Rt 1
Standard Status Active
Year Built Source Estimated
Legal Subdivision LEWES-REHOBOTH
Tax Lot REHOBOTH
Buyer Agent Compensation Type % Of Gross
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Exterior
Parking Features Private
Lot Features Cleared Open Road Frontage
Water Source Public
Type of Parking Private Garage Driveway Parking Lot
Foundation Details Slab
Water View Y/N N
Building Area Total 0.00
Lot Size Acres 0.71
Road Surface Type Black Top
Lot Size Source Estimated
Road Responsibility City/County
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 20575
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* Excluded Features
List By
Long & Foster Real Estate, Inc.

Broker

bill.cullin@longandfoster.com

Email

Affordability Calculator

$18,710
Per Month
99%
1%
0%
Monthly Principal & Interest
$18,576
Monthly Property Taxes
$134
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/1/2024$2,795,000 -1.93% Price Down
5/13/2024$2,850,000 -3.39% Price Down
3/26/2024$2,950,000 -1.67% Price Down
3/17/2024$3,000,000 -6.25% Price Down
1/13/2024$3,200,000 Listed Price

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20575 Coastal Highway, Rehoboth Beach, DE, 19971 is a Commercial Property for sale at $2,795,000 with 33,075 sqft and a lot size of 0.71. 20575 Coastal Highway is a studio with 0.0 baths and was built in 1958. The property's zip code is 19971 which is in Rehoboth Beach, DE

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