About This Restaurant
Investment Highlights
Established Turn-key Restaurant Residential Apartments (2) Prime Location in Growing Beach Market - Rehoboth Beach/Dewey Beach, DE Additional Land (currently parking, developable)
Executive Summary
Incredible investment opportunity in the booming beach town of Rehoboth Beach, Delaware, this +/-.36-acre lot sits on two commercially zoned parcels with great development potential. The 5,600 SF building is currently used as the established and successful restaurant and bar, Just in Thyme, with two 2-bedroom apartments upstairs, both on month-to-month leases and offers parking for 38 cars. With 61 ft of frontage on Coastal Hwy Route 1, the lot has very high visibility year-round and convenient access to both downtown Rehoboth and Dewey Beach. Perfect for an owner/user, developer, investor, or restauranteur, schedule your private tour today!
Property Details
- Sale Type Investment or Owner User
- Property Type Retail Retail General Retail Freestanding General Retail Restaurant General Retail Storefront Retail/Residential Retail
- Building Size 5,600
- Year Built/Renovated 1970/2016
- Price 2,350,000
- Price Per SF 420
- Percent Leased Vacant
- Tenancy Multiple
- Building Height 2 Stories
- Building FAR 0.36
- Land Acres 0.36 AC
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Recessed Lighting
- Air Conditioning
Property Taxes
| Parcel Number | 334-20.09-27.00 | Improvements Assessment | $4,500 |
| Land Assessment | $0 | Total Assessment | $4,500 |
| Date Created: | 2024-07-16 04:09:28 | Last Updated: | 2024-07-16 04:09:28 |
| Address: | 38163 Robinsons Dr , Rehoboth Beach, Delaware, 19971 | ||