Carpet One | 19871 Coastal Hwy
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Carpet One 19871 Coastal Hwy
9,460 SF Retail Building Rehoboth Beach, DE 19971 $3,500,000 ($370/SF)
Investment Highlights
- Prime Location and Visibility on Coastal Highway (AADT 60,000+)
- Great Opportunity for Branding and Signage Visibility
- Surrounded by Established Business and High-End Residential Communities
Executive Summary
Prime freestanding building located in the heart of the Delaware Beaches, fronting Coastal Highway. This iconic +/-.64ac commercial property is nestled between Outback Steakhouse and CVS Pharmacy at the Sea Blossom Blvd light. The property currently houses a +/-6,000sf retail/warehouse building (+/-75'x80' with 16-20' ceiling height) with a second building containing two second floor apartments with storage underneath in the rear. The building is currently leased to God's Way, please do not approach tenant. The property has DelDOT approved ingress/egress off of Coastal Highway and a REA in place/recorded for access onto Sea Blossom Blvd in the rear. The property is within Sussex County and serviced by public water and sewer. Excellent opportunity to be an owner/user of a fantastic piece of real estate in a booming market.
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$4,103
|
$0.43
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,103
|
$0.43
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $4,103 |
| Annual Per SF | $0.43 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,103 |
| Annual Per SF | $0.43 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
9,460 SF
Building Class
C
Year Built
1960
Price
$3,500,000
Price Per SF
$370
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Land Acres
0.66 AC
Zoning
C1 - Sussex County, Delaware Commercial Zoning
Parking
8 Spaces (0.85 Spaces per 1,000 SF Leased)
Frontage
100 FT on Coastal Highway
Amenities
- Bus Line
- Fenced Lot
- Freeway Visibility
- Mezzanine
- Pylon Sign
- Storage Space
- Air Conditioning
Bike Score ®
Very Bikeable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 334-13.00-351.00 | Total Assessment | $83,250 |
| Land Assessment | $7,500 | Annual Taxes | $4,103 ($0.43/SF) |
| Improvements Assessment | $75,750 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
334-13.00-351.00
Land Assessment
$7,500
Improvements Assessment
$75,750
Total Assessment
$83,250
Annual Taxes
$4,103 ($0.43/SF)
Tax Year
2024
-
Brittany Danahy -
DSM Commercial
1 of 7
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Carpet One | 19871 Coastal Hwy
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