20905 COASTAL Hwy, Rehoboth Beach, DE 19971

Building Details

Year Built

2002

Listing agent FRANK HORNSTEIN Show Phone

Listing office f***@gmail.com Show Phone

Listing date Apr 24, 2026

Source Elliman

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

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Rehoboth Beach

County

Sussex

State

Delaware

Longitude

-75.1086

Latitude

38.7115

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FAQs

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.