Second-Generation Restaurant
New
For Sale
$200,000
47 Rehoboth Ave, Rehoboth Beach, DE 19971
An established food-service space includes seating, a grease trap, and furniture, fixtures, and equipment.
Property Size2,000 SF
Price / SF$100
Days on Market3
Property Features for 47 Rehoboth Ave
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Business Opportunity
Restaurant
Seating Capacity
24
Grease Trap
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Year Built
1970
Listing Agency:
DSM COMMERCIAL
Listed By:
BRITTANY DANAHY · License #DE#0020210
(302) 227-0768
Source:
Soldbypattie
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 23 at 1:54PM
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 DSM COMMERCIAL
Investment Insights
Based on property information with market context.
This restaurant space at 47 Rehoboth Ave has an approximately 2,000-square-foot food-service buildout with seating for approximately 24 patrons. The sale includes the furniture, fixtures, and equipment, and the existing Rita’s franchise may be continued or replaced with another concept. Storefront glass was upgraded in 2023, and two HVAC systems were replaced in 2025. The space also has a 50-gallon grease trap.
The property occupies the first block of Rehoboth Avenue in downtown Rehoboth Beach, next to Louie’s Pizza. The Rita’s franchise has operated at this location since 2017. The current lease runs through 12/31/2026, with a new 10-year option available.
The property occupies the first block of Rehoboth Avenue in downtown Rehoboth Beach, next to Louie’s Pizza. The Rita’s franchise has operated at this location since 2017. The current lease runs through 12/31/2026, with a new 10-year option available.
Key Highlights
- Approximately 2,000 SF of restaurant space with seating for approximately 24 patrons
- Furniture, fixtures, and equipment are included in the sale
- Rita’s franchise has operated at the location since 2017; franchise is optional
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
17k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Apparel 29%
Shops & Services 10%
Grotto Pizza
Dining
5,875 visits/mo
0.1 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
0.0 miles
M&T Bank
Shops & Services
1,668 visits/mo
0.4 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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - An established food-service space includes seating, a grease trap, and furniture, fixtures, and equipment.
Where is this conventional restaurant located?
The property is located at 47 Rehoboth Ave Rehoboth Beach, DE.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Approximately 2,000 SF of restaurant space with seating for approximately 24 patrons; Furniture, fixtures, and equipment are included in the sale; Rita’s franchise has operated at the location since 2017; franchise is optional
