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35 Baltimore Ave 7,422 SF Flex Building Rehoboth Beach, DE 19971 $4,500,000 ($606.31/SF)
Investment Highlights
- Two-building commercial property located in the heart of Rehoboth Beach, offering a unique investment opportunity in a high-demand coastal market.
- Located within city limits and zoned TN, providing flexibility for various commercial uses in a vibrant beachside community.
- Includes one private off-street parking space with additional on-street parking at the end of the driveway, supporting customer and tenant convenience
Executive Summary
Real estate consists of two buildings located on oversized lots. Apartment and 5 grandfathered apartment licenses. Front Building Approximately 6600 Sq ft – 3 floors and basement; rear building approx. 1830 Sq Ft – two floors. One off Street parking space and additional parking space on street at end of driveway. A new Atrium Retractable Roof in on order and will be installed when completed by manufacturer. It is an upgraded version of the current roof. Both buildings have been completely renovated since ownership, including electrical, plumbing, heating and air conditioning etc. Business is also for sale.
Property Facts Under Contract
| Price | $4,500,000 | Lot Size | 0.16 AC |
| Price Per SF | $606.31 | Rentable Building Area | 7,422 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Flex | Year Built | 1907 |
| Building Class | B | Tenancy | Single |
| Zoning | TN - Traditional Neighborhood Development | ||
| Price | $4,500,000 |
| Price Per SF | $606.31 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Building Class | B |
| Lot Size | 0.16 AC |
| Rentable Building Area | 7,422 SF |
| No. Stories | 2 |
| Year Built | 1907 |
| Tenancy | Single |
| Zoning | TN - Traditional Neighborhood Development |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 334-14.13-365.00 | Improvements Assessment | $46,700 |
| Land Assessment | $19,000 | Total Assessment | $65,700 |
Property Taxes
Parcel Number
334-14.13-365.00
Land Assessment
$19,000
Improvements Assessment
$46,700
Total Assessment
$65,700
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35 Baltimore Ave
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