Bought with JOHN E LINGO, III • Jack Lingo - Lewes
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Key Details
Sold Price $1,150,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DESU2015620
Year Built 1970
Annual Tax Amount $1,100
Tax Year 2021
Property Sub-Type Retail
Property Description
Great dual income opportunity in Dewey Beach bayside between Van Dyke and Collins Avenues. Includes commercial property for sale previously used as a restaurant, with a 2 bedroom 2 bath apartment above yielding substantial rental income. Sandwiched between the Rehoboth Bay and the beach, this restaurant location is the perfect spot to attract beach bums and Rehoboth Bay Marina boaters by day and revelers by night, offering indoor and outdoor dining on the deck. Restaurant is being sold as is with all equipment included. The upstairs apartment features open-concept living, a screened porch to enjoy the salt air breezes, with easy access to three enticing water choices: Slip into the pool next door or walk one block to the bay or one block in the other direction to the beach.
Location
Province DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning RB2
Interior
Hot Water Propane
Heating Central
Cooling Central A/C
Exterior
Garage Spaces 6.0
Water Access N
Building
Sewer Private Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Kory Prince
Owner/Director of Operations | -V61339
Owner/Director of Operations -V61339