47 Rehoboth Ave - Storefront FOR SALE


Rehoboth Beach, DE 19971
$279,000 USD
302-227-0768
47 Rehoboth Ave, Rehoboth Beach, DE for Sale
$279,000 USD
Storefront - FOR SALE
1/17
null | Request Cap Rate

47 Rehoboth Ave
Rehoboth Beach, DE 19971


HIGHLIGHTS

  • Prime Rehoboth Avenue Location
  • Proven Seasonal Revenue
  • Fully Built-Out Turnkey Operation
  • All FF&E Included - Franchise Optional

OVERVIEW

Positioned along the first block of Rehoboth Avenue next to Louie’s Pizza in the heart of downtown Rehoboth Beach, this rare opportunity offers the sale of a fully built-out, second-generation food service operation with proven seasonal revenue and established customer recognition. The Rita’s franchise has successfully operated at the location since 2017 and occupies an approximately 2,000 SF space featuring seating for approximately 24 patrons, upgraded storefront glass installed in 2023, dual HVAC systems replaced in 2025, a 50-gallon grease trap, and excellent street frontage, pedestrian visibility, and signage exposure along one of Delaware’s premier coastal retail corridors. All furniture, fixtures, and equipment are included in the sale, and the franchise is optional, allowing a buyer to continue the existing Rita’s operation or introduce a new concept. Existing lease structure is in place through 12/31/2026 with a new 10-year option available.

FOR SALE DETAILS

PRICE

$279,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Turnkey Business for Sale!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

TN

APN/PARCEL ID

334-14.18-6.00

ASK ABOUT THIS PROPERTY

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302-227-0768

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302-227-0768

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