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Prime commercial property available in one of the East Coast's most sought-after beach destinations. Positioned at the high-visibility intersection of Rehoboth Avenue and Lake Avenue, this offering consists of two adjoining parcels, both zoned C-1, allowing for a wide variety of commercial and residential development options. With approximately 250 ft of frontage on Rehoboth Avenue and 260 ft on Lake Avenue, the site provides exceptional exposure and accessibility just a short distance from the beach, boardwalk, restaurants, and year-round attractions. Currently, the property includes two restaurant sites"”one operational and leased"”along with on-site parking and a leased retail kiosk, providing immediate rental income and flexibility for future use. All building sizes, lot dimensions, and construction years are estimates. This unique opportunity offers outstanding redevelopment potential with zoning that supports numerous permitted uses and unbeatable proximity to downtown amenities. Whether reimagined as a mixed-use project, retail center, hospitality site, or continued food-and-beverage venue, this property delivers exceptional investment value in a premier coastal market. Don't miss this chance to secure a landmark location in downtown Rehoboth Beach.
| DAYS ON MARKET | 379 | LAST UPDATED | 11/30/2025 |
|---|---|---|---|
| YEAR BUILT | 1955 | COMMUNITY | Lewes Rehoboth Hundred (31009) |
| COUNTY | SUSSEX | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | CAPE HENLOPEN |
|---|
| PRICE HISTORY | |
| Prior to Nov 30, '25 | $5,990,000 |
|---|---|
| Nov 30, '25 - Today | $5,500,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater, Tankless Water Heater |
| AREA | Lewes Rehoboth Hundred (31009) |
| CONSTRUCTION | HardiPlank Type, Vinyl Siding |
| HEAT | Forced Air, Propane |
| LOT | 0.44 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| TAXES | 5866 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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