200 Rehoboth Ave, Rehoboth Beach, DE 19971

$2,695,000

Prime corner and highly desired commercial location at the intersection of Rehoboth Avenue and 2nd Street! Just 2 blocks from the beach and directly across from the new Coastal Hotel (extension of Hilton), this premier commercial space consists of 4 retail units that generate approximately $125,000 of revenue annually. Numerous recent upgrades were completed in 2020 and include new floors, interior walls, lighting, entrance doors, ADA bathroom, two new A/C units, and a new heat pump. In 2021 three new hot water heaters were installed. In 2022, two furnaces were replaced with high-efficiency units. Unit A (Charmed City Run) has exclusive use of the rear door, parking space, and attic for storage. Unit B (Gel Z Art) includes 2 large windows on Second Street, a back room, and half bath. Unit C (204 Rehoboth Ave - Into the Mystic) includes a small storage closet and half bath. Unit D (Coastal Hobo) includes a rear access door and a 4,000 SF basement with high ceilings for storage. Excellent investment opportunity!