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Restaurant Business with Basement
For Sale
$400,000

208 REHOBOTH Avenue, Rehoboth Beach, DE 19971

BusinessOpportunity, REHOBOTH BEACH, DE

Property SizeContact for details
Lot Size0.11 Acres
Days on Market20

Property Features for 208 REHOBOTH Avenue

General Information

Property type Other
Property subtype Retail
Parking 30
Parking features On Street
Elementary school district CAPE HENLOPEN
Middle school district CAPE HENLOPEN
High school district CAPE HENLOPEN
Standard status Active
Lot size 0.11 Acres

Taxes and HOA fees

Tax Annual Amount 4372

Utilities

Heating system Heat Pump (Heating)
Cooling system Central Air

Building Details

Year built 2001
Building materials Stick Built
Listing Agency: Jack Lingo - Lewes
Listed By: MICHAEL DOMINGUEZ · License #RS-0015489
Added: Oct 2 Changed: Oct 21 Last Checked: Oct 21 at 5:06PM
MLS# DESU2121616

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

The offering is for the restaurant business at 208 Rehoboth Avenue, not the real estate. The restaurant occupies 4,000 square feet and has a 4,000-square-foot basement used for coolers and storage. Its dining area accommodates 176 people across 37 tables, with 16 bar stools. The current concept serves Mexican food; the space may also be adapted for another restaurant format.

The property is on the third block from the beach. Public metered parking is available during summer, with open parking available in the off-season. On-street parking is listed, and pedestrian traffic passes the restaurant on Rehoboth Avenue.

Key Highlights

  • Restaurant business sale; real estate is not included
  • 4,000‑square‑foot restaurant with a 4,000‑square‑foot basement
  • Dining capacity for 176, with 37 tables and 16 bar stools

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
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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

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The restaurant includes dining, bar seating, and basement storage, with public on-street parking nearby.
Where is this conventional restaurant located?
The property is located at 208 REHOBOTH Avenue 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 sale; real estate is not included; 4,000‑square‑foot restaurant with a 4,000‑square‑foot basement; Dining capacity for 176, with 37 tables and 16 bar stools
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