Turn-Key Restaurant and
19 Rehoboth Ave Rehoboth Beach, DE 19971
New
19 Rehoboth Ave, Rehoboth Beach, DE, 19971
$349,000
For Sale
$349,000
Business-only sale includes a new bar, spacious dining room, and convenient take-out area on Rehoboth Avenue.
Property Size2,500 SF
Price / SF$139.60
Days on Market4
Property Features for 19 Rehoboth Ave
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Business Opportunity
Building Details
- Year Built
- 1977
Listing agency
Jack Lingo - Rehoboth
(302) 841-4640
Listed by
Lily Hsu Gosnear · License #RS0036516
Source
Kandorre
Added: Jul 18 Updated: Jul 20 at 5:33PM Checked: Jul 20 at 5:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jack Lingo - Rehoboth
Investment Insights
Based on property information with market context.
Ocean block Rehoboth Avenue turn-key restaurant/bar offered for sale as a business only. The space features a new bar, a spacious dining room, and a convenient take-out area designed to support both seated service and quick orders.
The property is positioned in the heart of downtown Rehoboth Beach on Rehoboth Avenue, offering walk-in appeal consistent with a central retail corridor.
The seller will share recipes and provide training, supporting continuity of the current concept, or allowing a new operator to bring their own plan.
The property is positioned in the heart of downtown Rehoboth Beach on Rehoboth Avenue, offering walk-in appeal consistent with a central retail corridor.
The seller will share recipes and provide training, supporting continuity of the current concept, or allowing a new operator to bring their own plan.
Key Highlights
- Ocean block Rehoboth Avenue restaurant/bar (business only)
- New bar included
- Spacious dining room
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $18.00 |
| − Vacancy | −$4.6k | −$1.85 |
| EGI | $40.4k | $16.15 |
| − OpEx | −$10.1k | −$4.04 |
| NOI | $30.3k | $12.11 |
2,500 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$432.5K
$378.4K – $504.6K
NOI $30,274 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$687.0K
$601.1K – $801.5K
NOI $48,090 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
Similar Off Market Nearby
- Shorebreak Lodge — 10 Wilmington Ave, Rehoboth Beach, DE 19971
- Lupo Italian Kitchen — 247 Rehoboth Ave, Rehoboth Beach, DE 19971
- Dos Locos — 208 Rehoboth Ave, Rehoboth Beach, DE 19971
- Aqua Bar & Grill — 57 Baltimore Ave, Rehoboth Beach, DE 19971
- Sussex Public House — 234 Rehoboth Ave, Rehoboth Beach, DE 19971
FAQs
What type of property is this?
Bar & Pub - Business-only sale includes a new bar, spacious dining room, and convenient take-out area on Rehoboth Avenue.
Where is this bar & pub located?
The property is located at 19 Rehoboth Ave Rehoboth Beach, DE.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Ocean block Rehoboth Avenue restaurant/bar (business only); New bar included; Spacious dining room
