1205 Coastal Highway # 300 Dewey Beach, DE
$ 1,575,000
Property Attributes
  • MLS#DESU176994
  • TypeCommercial
  • CountySUSSEX
  • CityDewey Beach
  • AreaLewes Rehoboth Hundred
  • Zip19971
  • StyleRestaurant/Bar
  • Taxes$ 1096
  • Price$ 1,575,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2600
Listing Provided Courtesy Of:
EXP Realty, LLC
Data Source:
Bright MLS
Property Description

Great Investment opportunity. Are you looking for the "BEACH LIFE" and your opportunity to own your own business while living at the beach. Or looking for a great property with investment potential. Well here is your chance. But the property and rent it out. The potential for 100k a year is very possible. Rent out both units. Retail below and residential above. Or, this incredible seasonal or potential year round business has everything you need to just start right up. Location, equipment, menus, recipes, furnishings, and even including the employees already in place. Or, come up with your own ideas and start fresh. It is all up to you. The sale also comes with the condo above. You have your cake and can live in it too. Restaurant is also available for lease with or without the condo. You can't beat that for being right in Dewey Beach where all the action is. Don't let this opportunity pass you by. Did I mention that it comes with a liquor license as well. That alone is worth the investment.

Price History
2/4/2021 Listed $1,600,000
4/8/2021 2% - $1,575,000

General Features

Acceptable Financing Cash, Conventional
Accessibility Ramp - Main Level
Building Name Cove
Business Type Restaurant/Bar
Construction Materials Combination, Frame
Cool Fuel Electric
Cooling Other
Days on Market 102
Exclusions some personal items to be negotiated upon acceptable contract
Heating Wall Unit, Central, Other
Legal Subdivision INDIAN BEACH
MLS Area Lewes Rehoboth Hundred (31009)
New Construction No
Ownership Condominium
Parking Features Private
Possession Settlement
Property SubType Retail
Property Type Commercial Sale
Sewer Public Sewer
Sussex DE Quadrants Between Rt 1 & 113
Tax Annual Amount 1096.0
Tax Year 2020
Unit Number 300
Vacation Rental Y/N No
Water Access Y/N No
Zoning TN

Interior Features

Central Air Y/N No
Heating Fuel Electric
Heating Y/N Yes
Hot Water Propane

Exterior Features

Building Area Total 0.00
Car Parking Spaces 5
Inclusions All equipment, inventory, good faith, furnishings, menus, pos
Lot Dimensions 0.00 x 0.00
Navigable Water Y/N No
Total Parking Spaces 5
Type of Parking Other, On Street, Driveway
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19971

AVG $470K
AVG $1,717
AVG 95
AVG 50
Data Provided by Walkscore ® not using MLS data

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