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402 Rehoboth Avenue - Barrister Building, Rehoboth Beach, DE

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402 Rehoboth Avenue - Barrister Building

Rehoboth Beach, DE 19971-3113 - Sussex County Submarket

Property Type:Office Sub Type:- Status:Existing Year Built:1974
Stories:1 Typical Floor:4,593 SF Building Size:4,593 SF
For Sale Price:$2,450,000 Price/SF:$533.42
Cap Rate:-
Parking:14 Surface spaces are available; Ratio of 3.04/1,000 SF Amenities:Air Conditioning

Sale Notes:
Location, Location!! Property located on the corner of Rehoboth Avenue & State Road. Excellent exposure for offices. 14 shared parking spaces. Buy and you can use 1,262 sq. ft. of office space for yourself or lease out. Zoned C-1 commercial. Rigby Restaurant has renewed lease to 2023 (with annual increases). 2018 they pay $64,927 NNN. Roof replaced 2014; painted 2013; 2 new HVAC units 2012. For future potential City will allow a building area of 20,844 sq .ft. (2.0 FAR); Max building height 42 feet. If buyer wishes to build up, w/ City approval, it is possible that 2 condo apts. can be built on the second level. Please call listing agent for additional information.

Property is fronting on both Rehoboth Avenue and State Road

Mann & Sons, Inc.
Charles Renschler
(302) 227-9477 x627

Suzanne Truitt
(302) 226-5600

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