DE > Rehoboth Beach > Poynters Addition
Rehoboth Beach, DE 19971,20902 COASTAL HWY
Rehoboth Beach, DE 19971,20902 COASTAL HWY
Rehoboth Beach, DE 19971,20902 COASTAL HWY
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Simone Velvel

Simone Velvel

+1(703) 507-7614
$3,250,000
Est. payment /mo
0.68 Acres Lot
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UPDATED:

11/15/2024 04:11 AM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Poynters Addition

MLS Listing ID DESU2074058

Originating Board BRIGHT

Year Built 2000

Annual Tax Amount $12,672

Tax Year 2024

Lot Size 0.680 Acres

Acres 0.68

Lot Dimensions 300.00 x 100.00

Property Description

Exceptional Investment Opportunity in Rehoboth Beach! – 36-Room Motel with High Occupancy Potential! This 36-room, pet-friendly motel sits on a prime location with 300 feet of C-1 road frontage along Route 1, giving it unparalleled visibility and access for travelers heading to the beach and nearby attractions. Located in one of the East Coast's most popular beach destinations, this motel attracts a steady stream of visitors, from beach-goers to business travelers, ensuring year-round occupancy.
Each guest room is designed for comfort and convenience, with essential amenities and a welcoming atmosphere for both guests and their pets—a unique feature that appeals to today’s pet-loving travelers. The property and rooms have been recently remodeled making this a low-maintenance, turnkey operation.
With its ideal location, strong curb appeal, and pet-friendly policy, this Rehoboth Beach property offers excellent revenue potential with room to grow and is an ideal acquisition for investors looking to expand their portfolio in the hospitality sector.

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning C-1

Interior

Hot Water Tankless

Heating Heat Pump(s)

Cooling Heat Pump(s)

Heat Source Electric

Exterior

Garage Spaces 54.0

Water Access N

Roof Type Flat

Street Surface US Highway/Interstate

Accessibility None

Total Parking Spaces 54

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Cape Henlopen

Others

Tax ID 334-20.09-189.00

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
Listed by BLAIR CHERICO • Monument Sotheby's International Realty
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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