Rehoboth Beach, DE 19971 20902 Coastal Highway

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Presented By: Monument Sotheby's International Realty
  • MLS# DESU2074058
  • 11/14/2024
  • Request Tour
  • Request Info
  • SQFT • 10,899

Home Details

Exceptional Investment Opportunity in Rehoboth Beach! 36-Room Motel with High Occupancy Potential! This 36-room, pet-friendly motel sits on a prime location with 300 feet of C-1 road frontage along Route 1, giving it unparalleled visibility and access for travelers heading to the beach and nearby attractions. Located in one of the East Coast's most popular beach destinations, this motel attracts a steady stream of visitors, from beach-goers to business travelers, ensuring year-round occupancy. Each guest room is designed for comfort and convenience, with essential amenities and a welcoming atmosphere for both guests and their petsa unique feature that appeals to todays pet-loving travelers. The property and rooms have been recently remodeled making this a low-maintenance, turnkey operation. With its ideal location, strong curb appeal, and pet-friendly policy, this Rehoboth Beach property offers excellent revenue potential with room to grow and is an ideal acquisition for investors looking to expand their portfolio in the hospitality sector.
Presented By: Monument Sotheby's International Realty

Interior Features for 20902 Coastal Highway

Other Interior Features

Central Air Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterTankless

General for 20902 Coastal Highway

Acceptable FinancingCash, Conventional
AccessibilityNone
Association Recreation FeeN
Business TypeHotel/Motel
CityREHOBOTH BEACH
Construction MaterialsDryvit, Concrete
Cool FuelElectric
CoolingHeat Pump(s)
CountySUSSEX
DirectionsRt 1 South heading toward Dewey Beach. Hotel is located next to the Valero on The Mile.
Electric220 Volts
HeatingHeat Pump(s)
Historic Y/NNo
Legal SubdivisionPoynters Addition
Location TypeFree Standing
Lot Size Square Feet29621.00
Lot Size UnitsSquare Feet
MLS AreaLewes Rehoboth Hundred (31009)
ModificationTimestamp2025-03-25T16:46:45
New ConstructionNo
Number Of Units Total0
OwnershipFee Simple
PossessionSettlement
Possible UseMulti-Family
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
RoofFlat
SewerPublic Sewer
Standard StatusPending
StatusPENDING
Subdivision NamePOYNTERS ADDITION
Sussex DE QuadrantsBetween Rt 1 & 113
Tax Annual Amount12672.0
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built2000
Year Built SourceEstimated
ZoningC-1

Exterior for 20902 Coastal Highway

Building Area Total0.00
Car Parking Spaces54
Land Use Code999
Lot Dimensions300.00 x 100.00
Lot Size Acres0.68
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Road Surface TypeUS Highway/Interstate
Total Loading Docks0
Total Parking Spaces54
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $3,250,000
MLS#DESU2074058
List Date 11/14/2024
Property Type Pending
Phone 703.929.4729
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