Printz Motel | 164 Columbia Ave
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Printz Motel 164 Columbia Ave
6 Room Hotel Rehoboth Beach, DE 19971 $2,500,000 ($416,667/Room)
Executive Summary
Calling all investors! If you’ve ever wanted to own 6 luxury efficiency apartments in the middle of Downtown Rehoboth Beach, this is your chance! The Pine Suites (formerly known as The Printz) is looking for its new owners. After being completely gutted and renovated, all units now feature a new roof, windows, doors, and flooring. The kitchens and bathrooms have also been completely updated, as well as all important systems, including HVAC, electrical, and plumbing. When we say renovated, we truly mean renovated! The ceiling has even been opened up for increased height! Located close to Grove Park, the Rehoboth Beach Farmers Market, and popular restaurants such as Dogfish Head and the Cultured Pearl, you can’t beat this location. Only a few blocks away from the ocean and the famous Rehoboth Beach boardwalk, each unit has a rental projection of $1200 per week during peak season, $11,000 for seasonal rentals, and $1,400 per month for year-round rentals. Don’t miss your chance to add these gorgeous new units to your investment portfolio. Schedule your private showing now!
Property Facts Under Contract
| Price | $2,500,000 | Lot Size | 0.17 AC |
| Price Per Room | $416,667 | Building Size | 1,301 SF |
| Sale Type | Investment | No. Rooms | 6 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1950 |
| Building Class | C | Corridor | Exterior |
| Price | $2,500,000 |
| Price Per Room | $416,667 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 1,301 SF |
| No. Rooms | 6 |
| No. Stories | 1 |
| Year Built | 1950 |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 6 | $100.00 | - |
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Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 334-13.20-151.00 | Improvements Assessment | $19,300 |
| Land Assessment | $9,000 | Total Assessment | $28,300 |
PROPERTY TAXES
Parcel Number
334-13.20-151.00
Land Assessment
$9,000
Improvements Assessment
$19,300
Total Assessment
$28,300
zoning
| Zoning Code | TN |
| TN |
-
Carrie Lingo -
Jack Lingo Asset Management
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Printz Motel | 164 Columbia Ave
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