37519 OYSTER HOUSE RD Rehoboth Beach, DE 19971
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision None Available
MLS Listing ID DESU2099510
Year Built 1960
Annual Tax Amount $250
Tax Year 2021
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 75.00 x 219.00
Property Sub-Type Other
Source BRIGHT
Property Description
Beyond its charm and consistent income, this property offers something truly special: C-1 zoning with preliminary approval already in place for three new 5-bedroom, 4-bath homes. Whether you're an investor seeking steady cash flow while you plan your project, or a developer ready to take advantage of the area's booming new construction market, this property checks every box. New development around the corner has sold homes exceeding of $1.6 million, proving the strong demand for high-end coastal living in this location.
Situated just one lot from the Rehoboth-Lewes Canal, the property offers easy access to everything that makes Rehoboth Beach so desirable. A new city-approved bike path located about 40 feet away will soon connect directly to Rehoboth Avenue and the Boardwalk, allowing guests or future homeowners to enjoy the beach, dining, and shops without ever starting a car.
Located outside of Rehoboth Beach city limits, the property falls under Sussex County jurisdiction—making the permitting process simpler, faster, and more cost-effective. And to make things even easier, the listing agent is a local builder and contractor who can complete the future builds for the new buyer.
This is an exceptional opportunity to own a cash-flowing Rehoboth Beach classic with the potential to develop three new luxury homes in one of Delaware's most coveted coastal destinations.
Buyer to confirm all permitted land uses with Sussex County. Seller is a licensed Delaware REALTOR®, local builder/contractor, and the listing agent.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning C-1
Interior
Hot Water Instant Hot Water, Electric
Heating Forced Air
Cooling Central A/C
Inclusions All Fixtures and Appliances, Most Furniture. To be determined by Buyer and seller
Heat Source Electric
Exterior
Garage Spaces 4.0
Water Access N
View Canal
Accessibility None
Total Parking Spaces 4
Garage N
Building
Foundation Crawl Space
Sewer Public Sewer
Water Well
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 334-19.08-24.00
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Financing Cash,Conventional,Exchange
Special Listing Condition Standard
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