$ 1,395,000
-
$1,395,000
Price -
0
Bed -
0
Bath -
3,150
SqFt
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About the Listing IVREATB1 - 3257850
Located on the highly desirable Forgotten Mile between Dewey Beach and Rehoboth Beach, this commercially zoned, mixed-use property offers a rare opportunity to own an income-producing asset in one of Delaware’s most sought-after coastal corridors. The property features three fully leased units, including two residential apartments and one commercial space, providing immediate rental income and strong long-term investment potential. The second-floor apartment offers approximately 1,100 square feet and is leased through June 30, 2026. This tenant has been in place for eight years, demonstrating excellent stability. On the first floor, the 1,100 square foot commercial space is currently leased on a month-to-month basis, allowing flexibility for future investment strategies or owner use. Also on the first level is a 950 square foot apartment, likewise rented month-to-month. Separate electric meters allow tenants to pay their own electricity, while water and sewer are paid by the owner and billed back to tenants, helping streamline operating expenses. With its prime location just steps from both Dewey Beach and Rehoboth Beach, this property offers exceptional visibility, strong rental demand, and multiple possibilities for investors or future redevelopment. Showings require 24-hour notice to accommodate tenants. Listing agent must accompany all showings.
Listing Highlights
Status
Active
Days on Site
8
Property Type
Commercial Sale
MLS ®
DESU2105610
Year Built
2002
Total Square Footage
3,150
Lot/Acreage
0.11
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Heat Pump(s)
- Heating: Forced Air
- Fireplaces:
- Floor: Carpet,Hardwood,Tile/Brick,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Road Frontage,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 10
- Lot Dimensions: 50.00 x 100.00
- Zoning: C-1
- Roof: Shingle,Asphalt
- Others: Average
- Sewer: Public Sewer
- Parking Features: Private,Paved Parking,Surface,Parking Lot,Driveway,On Street,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $2,233
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
20905 Coastal Hwy Rehoboth Beach, DE 19971
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