Dewey Beach, DE 19971,1205 COASTAL HWY #300
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Dewey Beach, DE 19971,1205 COASTAL HWY #300
Dewey Beach, DE 19971,1205 COASTAL HWY #300
Dewey Beach, DE 19971,1205 COASTAL HWY #300
Dewey Beach, DE 19971,1205 COASTAL HWY #300

$1,150,000

Est. payment /mo

$1,300,000

11.5%
Est.Price: ?

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1205 COASTAL HWY #300 Dewey Beach, DE 19971

2,700 SqFt

SOLD DATE : 05/16/2022

Key Details

Sold Price $1,150,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $425

MLS Listing ID DESU2015620

Year Built 1970

Annual Tax Amount $1,100

Tax Year 2021

Property Description

Great dual income opportunity in Dewey Beach bayside between Van Dyke and Collins Avenues. Includes commercial property for sale previously used as a restaurant, with a 2 bedroom 2 bath apartment above yielding substantial rental income. Sandwiched between the Rehoboth Bay and the beach, this restaurant location is the perfect spot to attract beach bums and Rehoboth Bay Marina boaters by day and revelers by night, offering indoor and outdoor dining on the deck. Restaurant is being sold as is with all equipment included. The upstairs apartment features open-concept living, a screened porch to enjoy the salt air breezes, with easy access to three enticing water choices: Slip into the pool next door or walk one block to the bay or one block in the other direction to the beach.

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning RB2

Interior

Hot Water Propane

Heating Central

Cooling Central A/C

Exterior

Garage Spaces 6.0

Water Access N

Building

Sewer Private Sewer

Water Public

New Construction N

Schools

School District Cape Henlopen

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by JOHN E LINGO, III • Jack Lingo - Lewes
Bought with JOHN E LINGO, III • Jack Lingo - Lewes

Jason Gareau

Broker

+1(609) 929-4486

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