Property profile

37611 Row Boat Ln Rehoboth Beach, DE 19971

OFF-MARKET
Land
1.52 ac lot
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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

Location

37611 Row Boat Ln Rehoboth Beach, DE 19971
Rehoboth Beach metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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