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Restaurant Business with Full Basement
New
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 Market5

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 Last Checked: Oct 6 at 7:06PM
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.

Investment Insights

Based on property information with market context.

Dos Locos is a restaurant business on Rehoboth Avenue, three blocks from the beach. The dining area seats 176 and includes 37 tables and 16 bar stools, with a bar serving Mexican cuisine. A full basement provides space for coolers and storage.

The location has pedestrian traffic along the street. On-street metered parking is available during the summer season, with open parking during the off-season.

Key Highlights

  • Restaurant seats 176, with 37 tables and 16 bar stools
  • Full basement offers cooler and storage space
  • On Rehoboth Avenue, three blocks from the beach

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 - A bar and established dining setup serve Mexican cuisine on Rehoboth Avenue.
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 seats 176, with 37 tables and 16 bar stools; Full basement offers cooler and storage space; On Rehoboth Avenue, three blocks from the beach
More about this property
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