37128 Rehoboth Avenue Extension

Description

Rare and never before offered, this C-1 commercial opportunity is in one of the most visible and sought-after locations in coastal Delaware. Positioned at the entrance to downtown Rehoboth Beach and along Rt. 1 South, this prominent corner assemblage offers exceptional exposure with frontage on both Rehoboth Avenue and Rt. 1/Coastal Highway. This unique mixed-use commercial property offers a versatile investment or owner-user opportunity situated on approximately 0.75± acres with excellent visibility and access. The site features multiple buildings, on-site parking, public utilities, and dual ingress/egress from Coastal Highway with shared access onto Rehoboth Avenue Extension. Additional exposure is provided by two on-site wooden billboards, enhancing advertising potential and traffic visibility.The current building configurations are: (1) A large three-story corner building with a blank-canvas interior ready for redevelopment, repositioning, or owner-user customization. This building consists of a 4,293± square foot warehouse constructed in 2018 with steel beam construction and a flat roof design. The building features decorative windows and balconies, creating an attractive commercial appearance rarely found in traditional warehouse space. Currently configured as an expansive single-story structure, the building was designed with the potential for conversion to a three-story layout, offering significant future expansion possibilities.(2) The former Point Coffee House, a separate storage building, is a 2,905± square foot restaurant facility featuring a typical restaurant finish along with additional rear warehouse/storage space. The restaurant structure is frame constructed and offers flexibility for restaurant, retail, catering, or service-related operations. (3) There is a 2,213± square foot small warehouse with mezzanine space within a pole building design, ideal for storage, workshop, distribution, or light industrial use.The property is further enhanced with site improvements already in place, making it well suited for a variety of commercial, industrial, retail, restaurant, or redevelopment opportunities in a high-traffic corridor location.With unparalleled visibility, strong traffic counts, and a gateway location serving both downtown Rehoboth Beach and the Rt. 1 corridor, this is a truly unique investment and development opportunity.