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38163 Robinsons Drive Rehoboth Beach, DE $ 2,350,000
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38163 Robinsons Drive
$ 2,350,000
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38163 Robinsons Drive

Rehoboth Beach, DE, 19971
$ 2,350,000
Baths0.0 Sq 5,600

Monthly Estimate*

$ 15,619

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Studio

Commercial Property for sale in Rehoboth Beach, DE

for $2,350,000. This 5,600 square foot building was built in 1970 on a lot size of 0.33.

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!

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Commercial Active

Price

$ 2,350,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,061

Style

Banquet Facility/Lodge,Religious Facility,Restaura

Lot Size

0.33

Year Built

1970

Town/City

Rehoboth Beach

County/Region

Sussex

MLS | Web ID

DESU2049350
Features
Interior
Heating Fuel Electric Propane - Metered
Flooring Carpet Ceramic Tile Concrete Hardwood
Hot Water 60+ Gallon Tank
Total Stories 2
Heating Y/N Y
Street Suffix DRIVE
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Heat Pump(s)
Cooling Central A/C Ceiling Fan(s) Ductless/Mini-Split Heat Pump(s)
Possession Immediate
Roof Flat Shingle
Zoning C1
Construction Materials Combination
Year Built 1970
Property SubType Retail
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Banquet Facility/Lodge Religious Facility Restaurant/Bar Recreation Hair Salon and Spa Health Club Hotel/Motel Day Care Facility
Building Name NONE AVAILABLE
Accessibility Level Entry - Main
County SUSSEX
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Located on the Northbound corner of Route 1 and Robinsons Drive
City REHOBOTH BEACH
Buyer Agent Compensation 2.5
Zoning Description Commercial
Total Units 1
MLS Area Lewes Rehoboth Hundred (31009)
Lot Size Square Feet 14374.80
Waterfront Y/N N
Street Name ROBINSONS
Tax Annual Amount 3061.0
Acceptable Financing Conventional Cash Negotiable Seller Financing
Historic Y/N N
Vacation Rental Y/N N
Days on Market 205
Location Type Highway
Sussex DE Quadrants East of Rt 1
Standard Status Active
Year Built Source Estimated
Legal Subdivision SILVER LAKE MANOR
Tax Lot 26
Buyer Agent Compensation Type % Of Gross
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Exterior
Parking Features Private Surface
Water Source Public
Inclusions All restaurant furniture fixtures and equipment
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 0.00
Lot Dimensions 139.00 x 77.00
Lot Size Acres 0.33
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 17000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 38163
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* Excluded Features
List By
Compass

Broker

jeff.stape@compass.com

Email

Affordability Calculator

$15,874
Per Month
98%
2%
0%
Monthly Principal & Interest
$15,619
Monthly Property Taxes
$255
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/13/2023$2,350,000 Listed Price

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38163 Robinsons Drive, Rehoboth Beach, DE, 19971 is a Commercial Property for sale at $2,350,000 with 5,600 sqft and a lot size of 0.33. 38163 Robinsons Drive is a studio with 0.0 baths and was built in 1970. The property's zip code is 19971 which is in Rehoboth Beach, DE

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