19791 Coastal Hwy
Rehoboth Beach, DE 19971
Land For Sale · 10.30 AC

Investment Overview:NGKF Capital Markets has been retained as the exclusive agent for the sale of a vacant 10.3 acre parcel at the northeast corner of the Coastal Highway (Route 1) and Holland Glade Road, in Rehoboth Beach, Delaware. The site is one of the last vacant major developments sites along the Coastal Highway. Nearby developments consist of mostly retail centers with some apartment, condominium and townhouse developments.Prime Development Location:The site lies in a 1.5 mile section of Route 1 that is the most heavily developed commercial area near the Delaware beaches. With three Tanger Outlet Centers in the area, the location draws tourists and shoppers twelve months a year. The six-lane roadway has heavy traffic and lies near the entry to the beach towns of Rehoboth Beach, Dewey Beach, Bethany Beach, Lewes and Fenwick Island.Successful Neighboring Developments:The Tanger Outlets are a huge draw to the area, with three separate outlet centers that are all very busy. Other community shopping centers, anchored centers, free-standing retailers and local strips provide the balance of the retail space for the area. In addition, there are successful condos, apartments a The Property is located in the center of the largest commercial concentration of properties along the Coastal Highway (Route 1). The 1.5 mile part of the Coastal Highway that starts at the intersection of Route 1 and Route 1 Alternate (that runs to the beach) north for approximately 1.5 miles is home to three Tanger outlet centers, several smaller community centers and strip centers, free-standing retail stores, condominiums, townhouses and apartments. This site is one of two sites in this concentration that are still undeveloped. Directly across Holland Glade Road to the west is the Tanger Seaside Outlet Center. To the east are a free-standing Outback restaurant and a CVS drug store, with a townhouse development behind it. Directly across Coastal Highway is the Tanger Bayside outlet center, some smaller retail properties and The Palms Condominiums. Route 1 at this point is a six-lane roadway with additional left turn lanes. South of the site Route 1 continues towards the ocean and then hugs the coast through Dewey Beach, Bethany Beach and Fenwick Island. Anyone traveling to these towns has to pass the site to get there, so it has maximum exposure.Route 1 is the main vehicular ar