Income-Producing Mixed-Use
20905 COASTAL Hwy Rehoboth Beach, DE 19971
For Sale
$1,395,000
Commercially zoned property near Dewey and Rehoboth Beach.
Property Size1,100 SF
Price / SF$1,268
Days on Market98
Property Features for 20905 COASTAL Hwy
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Commercial
Building Details
Year Built
2002
Listing Agency:
(302) 604-4746
Listed By:
FRANK HORNSTEIN
(302) 604-4746
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 11:35AM
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 FRANK HORNSTEIN
Investment Insights
Based on property information with market context.
This commercially zoned, mixed-use property is located on the desirable Forgotten Mile between Dewey Beach and Rehoboth Beach. The property includes three fully leased units, consisting of two residential apartments and one commercial space, providing rental income. The second-floor apartment offers approximately 1,100 square feet and is leased through June 30, 2026. This tenant has been in place for eight years. On the first floor, the 1,100 square foot commercial space is currently leased on a month-to-month basis, allowing flexibility for future investment strategies or owner use. Also on the first level is a 950 square foot apartment, likewise rented month-to-month. Separate electric meters allow tenants to pay their own electricity, while water and sewer are paid by the owner and billed back to tenants. The property offers visibility, rental demand, and possibilities for investors or future redevelopment. The bike score is 66, indicating it is bikeable, and the walk score is 47, indicating it is car-dependent.
Key Highlights
- Prime location on the highly desirable Forgotten Mile, between Dewey Beach and Rehoboth Beach.
- Commercially zoned, mixed‑use property offering immediate rental income from three fully leased units.
- Strong long‑term investment potential in a sought‑after coastal corridor.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property near Dewey and Rehoboth Beach.
Where is this mixed-use property located?
The property is located at 20905 COASTAL Hwy Rehoboth Beach, DE.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Prime location on the highly desirable Forgotten Mile, between Dewey Beach and Rehoboth Beach.; Commercially zoned, mixed‑use property offering immediate rental income from three fully leased units.; Strong long‑term investment potential in a sought‑after coastal corridor.
