Location: 402 Rehoboth Ave., Rehoboth Beach
Asking price: $2.99 million
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Size: 4593-square-foot building and 10,422-square foot lot
Price per square foot: $652.08
Setting: On the corner of Rehoboth Avenue and State Road. Future potential: City of Rehoboth will allow a building area of 20,844 square feet with a maximum building height of 42 feet. With city approval, it is possible that two condo apartments could be built on a second level.
Features: Zoned C1-commercial. Three tenants signed until 2019 with $118,250 gross income. Fourteen parking spaces. HVAC units four years old, and roof replaced two years ago.
Contact: Charles Renschler with Mann & Sons at (302) 236-1703.
