Rehoboth Beach Pad Site Hood Road, Rehoboth Beach, DE 19971
$1,100,000

MLS#
Desu2008310
Price
$1,100,000
Standard Status
Active
Waterfront
N

Large pad site, priced to sell w/shared parking + dedicated spaces and stormwater mitigation in place. Ideal for Physicians/Medical/restaurants, to compliment the future Hotel, plus the busy, expanding hospital next door. Site has central utilities in place plus the parking requirement is addressed. Under construction on the larger portion of this site is a luxury Cambria Hotel. The Seller will have the final subdivision work performed to provide a new deed for this pad site. Current address of Lot A Hood Road may change. Central W&S. Purposed for 4900 sf one story building. 2 story office option (maximum 7400 sf building) as per the engineers/w/Seller design approval. Seller can do "all of the work" while developing the new Hotel infrastructure at a cost to be proportional to the pad site, or Buyer can pave their lot and move in sooner. See disclosures. This Commercial lot is behind the Rehoboth Mall, just one off Rte. 24. This privately held land has been known as the Herola land for many decades. The owners held onto it until now, allowing a new commercial corridor to grow organically near the Beebe Medical Center Rte. 24 campus, which is rapidly expanding towards Warrington Road. Route 24 is a major East West corridor near the Beaches. .63 acres with 36 dedicated parking spaces to convey.

Exterior Features


Construction Materials
Other
Parking Features
Lighted Parking, paved Parking, private, surface

Interior Features


Heating
None
Heating Fuel
None
Cooling
None
Hot Water
None

Additional Details


Acres
0.63
Year Built
2021
New Construction
Y
Property Type
Commercial Sale
County
Sussex
Sussex DE Quadrants
Between Rt 1 & 113