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Restaurant Business with Bar
For Sale
$400,000

208 Rehoboth Ave, Rehoboth Beach, DE 19971

The dining operation includes bar service and basement space for coolers and storage.

Property SizeContact for details
Days on Market8

Property Features for 208 Rehoboth Ave

General Information

Standard status Active
Property subtype Business Opportunity

Additional Details

Business Included Yes
Seating Capacity 176

Building Details

Year Built 2001
Listing Agency: Jack Lingo - Lewes
Listed By: MICHAEL DOMINGUEZ · License #RS-0015489
Source: Elkaimpropertygroup
Added: Oct 2 Changed: Oct 8 Last Checked: Oct 7 at 2:55PM

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 - Lewes

Investment Insights

Based on property information with market context.

The sale is for the restaurant business, with dining capacity for 176 across 37 tables and 16 bar stools. A full basement provides space for coolers and storage. The restaurant serves Mexican cuisine, and the space can continue in that format or be adapted to another restaurant concept.

At 208 Rehoboth Ave, the business is three blocks from the beach, with pedestrian traffic along the storefront. Public metered parking is available during summer, while parking is open during the off-season.

Key Highlights

  • Restaurant business offered separately from the real estate
  • Seating for 176, including 37 tables and 16 bar stools
  • Full basement used for cooler and storage space

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Parking Lot & Garage Pharmacy Auto Parts Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

945
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 61% Apparel 29% Shops & Services 10%
Grotto Pizza Dining
5,875 visits/mo 0.2 miles
South Moon Under Apparel
4,770 visits/mo 0.1 miles
Kilwin's Dining
2,567 visits/mo 0.1 miles
Dairy Queen Dining
1,712 visits/mo 0.2 miles
M&T Bank Shops & Services
1,668 visits/mo 0.2 miles

Demographics for 19971, DE

14,348
Population
16,948
Households
0.8
Avg Household Size
60
Median Age
55%
College-Educated
96%
High-School Grad
18.0 sq mi
ZIP Area
797
Density / Sq Mi
$103,301
Median Household Income
$49,905
Median Earnings
$1,383
Median Rent
$561,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - The dining operation includes bar service and basement space for coolers and storage.
Where is this conventional restaurant located?
The property is located at 208 Rehoboth Ave Rehoboth Beach, DE.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Restaurant business offered separately from the real estate; Seating for 176, including 37 tables and 16 bar stools; Full basement used for cooler and storage space
More about this property
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