$2,400,000

99 Sussex St, Rehoboth Beach, DE, 19971

2,722

Square feet

0.33

Acres

Calling all investors! If you’ve ever wanted to own 6 luxury efficiency apartments in the middle of Downtown Rehoboth Beach, this is your chance! The Pine Suites (formerly known as The Printz) is looking for its new owners. After being completely gutted and renovated, all units now feature a new roof, windows, doors, and flooring. The kitchens and bathrooms have also been completely updated, as well as all important systems, including HVAC, electrical, and plumbing. When we say renovated, we truly mean renovated! The ceiling has even been opened up for increased height! Located close to Grove Park, the Rehoboth Beach Farmers Market, and popular restaurants such as Dogfish Head and the Cultured Pearl, you can’t beat this location. Only a few blocks away from the ocean and the famous Rehoboth Beach boardwalk, each unit has a rental projection of $1200 per week during peak season, $11,000 for seasonal rentals, and $1,400 per month for year-round rentals. Don’t miss your chance to add these gorgeous new units to your investment portfolio. Schedule your private showing now!

Facts & Features

MLS® # DESU2050454
Price $2,400,000
Bathrooms 0.00
Square Footage 2,722
Acres 0.33
Year Built 1950
Type Commercial Sale
Sub-Type Other
Status Active

Community Information

Address 99 Sussex St
Area Lewes Rehoboth Hundred (31009)
City Rehoboth Beach
County SUSSEX-DE
State DE
Zip Code 19971
Senior Community No

Amenities

Parking Private
Is Waterfront No

Interior

Heating Other
Cooling Ductless/Mini-Split
Has Basement No
Fireplace No

Exterior

Lot Description Cleared
Roof Shingle

School Information

District CAPE HENLOPEN

Additional Information

Date Listed October 26th, 2023
Days on Market 197
Zoning TN
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeJack Lingo - Lewes
Contact Info(302) 645-2207

Listing Map

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