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Property profile & analytics
OFF-MARKET
Land

37611 Row Boat Ln Rehoboth Beach, DE 19971

1.52 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.52-acre commercial land parcel presents a rare redevelopment opportunity in the heart of Rehoboth Beach, Delaware. Located just off heavily traveled Route 1, this property boasts a highly desirable C1 General Commercial zoning designation, opening doors to a wide array of development possibilities. Ideal uses could include senior living facilities (assisted living, memory care, skilled nursing, or continuing care retirement communities), luxury apartments or condominiums, workforce housing, medical offices, or a boutique hotel. The site benefits from central water and sewer access, simplifying infrastructure development. Its convenient location offers a short bike ride or drive to the renowned Rehoboth Beach, making it exceptionally attractive to both residents and tourists. Situated in Sussex County, this 1.52-acre lot (APN 334-19.08-35.00) is priced at $6,000,000, representing a compelling investment in a rapidly growing area. The scarcity of comparable parcels near the beach underscores the unique value of this opportunity. This property is a must-see for developers seeking a prime location for a high-impact project. The address is 37611 Row Boat Ln, Rehoboth Beach, DE 19971.

Property profile
Verified
Property type Land
Lot 1.52 ac (66,211 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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