MLS#DESU2105610
STATUSACTIVE
PROPERTY TYPECommercial - Farm
SCHOOLCAPE HENLOPEN
Property Description
Located on the highly desirable Forgotten Mile between Dewey Beach and Rehoboth Beach, this commercially zoned, mixed-use property offers a rare opportunity to own an income-producing asset in one of Delaware’s most sought-after coastal corridors. The property features three fully leased units, including two residential apartments and one commercial space, providing immediate rental income and strong long-term investment potential. The second-floor apartment offers approximately 1,100 square feet and is leased through June 30, 2026. This tenant has been in place for eight years, demonstrating excellent stability. On the first floor, the 1,100 square foot commercial space is currently leased on a month-to-month basis, allowing flexibility for future investment strategies or owner use. Also on the first level is a 950 square foot apartment, likewise rented month-to-month. Separate electric meters allow tenants to pay their own electricity, while water and sewer are paid by the owner and billed back to tenants, helping streamline operating expenses. With its prime location just steps from both Dewey Beach and Rehoboth Beach, this property offers exceptional visibility, strong rental demand, and multiple possibilities for investors or future redevelopment. Showings require 24-hour notice to accommodate tenants. Listing agent must accompany all showings.
Property Features
Property Type: Commercial - Farm
Cooling: Heat Pump(s)
Fuel Type: Electric
Heating: Forced Air
Lot Size: 0.12 Acres
Roof Type: Shingle, Asphalt
Taxes: $2,233
Year Built: 2002
Feature Descriptions
Accessibility: 2+ Access Exits
Days on Site: 80
Electric: 200+ Amp Service
Exterior: Brick Front, Cedar, Concrete
Flooring: Carpet, Hardwood, Tile/Brick, Vinyl
Location: Corner Lot/Unit
Lot: Road Frontage
Lot Dimensions: 0.12 Acre(S)
Parking Notes: Private, Paved Parking, Surface
Sewer: Public Sewer
Special View Info: Street
Total Garage/Parking Spaces: 10
Units: 3
Utilities: Electric Available, Sewer Available, Water Available
Water: Public
Local Schools
School District: CAPE HENLOPEN
Listed By / Shown By
Listed By
Agency Name: Iron Valley Real Estate at The Beach
Agency Phone: 3025418787
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
20905 Coastal Highway | MLS# DESU2105610
This commercial property located at 20905 Coastal Highway, Rehoboth Beach, DE 19971 is currently listed for sale with an asking price of $1,395,000. Coastal Highway is located within the CAPE HENLOPEN school district. Search Rehoboth Beach real estate on www.realtymark.net today.