USADERehoboth BeachNone Available20905 Coastal Hwy
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New
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$1,395,000

For Sale

3 days ago

20905 Coastal Hwy, Rehoboth Beach, DE

MLS® DESU2105610

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $2,233
Days Active 3
Approx. Age 2002
MLS® Number DESU2105610

Property Address: 20905 Coastal Hwy, REHOBOTH BEACH, DE, 19971-8005

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberDESU2105610
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2002
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 13, 2026List Date
$1,395,000List Price
  • Commute

Commute

Starting Address
Destination Address
20905 Coastal Hwy, REHOBOTH BEACH, DE

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