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251 Rehoboth Ave
For Sale $5,500,000
$5,500,000
- 0 Units
- Unknown Sq Ft
- 19,148 Sq Ft
- Unknown Cap Rate
Description
Prime commercial property available in one of the East Coast’s most sought-after beach destinations. Positioned at the high-visibility intersection of Rehoboth Avenue and Lake Avenue, this offering consists of two adjoining parcels, both zoned C-1, allowing for a wide variety of commercial and residential development options. With approximately 250 ft of frontage on Rehoboth Avenue and 260 ft on Lake Avenue, the site provides exceptional exposure and accessibility just a short distance from the beach, boardwalk, restaurants, and year-round attractions. Currently, the property includes two restaurant sites—one operational and leased—along with on-site parking and a leased retail kiosk, providing immediate rental income and flexibility for future use. All building sizes, lot dimensions, and construction years are estimates. This unique opportunity offers outstanding redevelopment potential with zoning that supports numerous permitted uses and unbeatable proximity to downtown amenities. Whether reimagined as a mixed-use project, retail center, hospitality site, or continued food-and-beverage venue, this property delivers exceptional investment value in a premier coastal market. Don’t miss this chance to secure a landmark location in downtown Rehoboth Beach.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $5,500,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1955 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 33414.1783.00 |
| MLS # | DESU2075478 |
| Property ID | 321105470 |
| Lot Sqft | 19,148 |
| Zoning | TN |
| Days on Market | 436 |
| Original List Price | Unknown |
| Date Updated | December 05, 2025 |
| Date Created | December 08, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Whitney Jarvis an agent of . Lic #RS-0023034
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Data last updated: February 17, 2026.
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Robert Crawford
REAL ESTATE AGENT