36012 AIRPORT RD Rehoboth Beach, DE 19971
2.15 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID DESU2115584
Year Built 1996
Annual Tax Amount $17,604
Tax Year 2025
Lot Size 2.150 Acres
Acres 2.15
Lot Dimensions 0.00 x 0.00
Property Sub-Type Other
Source BRIGHT
Property Description
The property is currently operating as a 49-room hotel and has been owner-operated for more than 12 years, demonstrating stable performance and long-term operational consistency. With limited opportunities to acquire hospitality assets in the Rehoboth Beach market, this offering presents investors with the ability to continue the existing business model or reposition the asset to capture additional value. Financial information is available upon execution of a Non-Disclosure Agreement (NDA).
Recent capital improvements include approximately $1MM in renovations completed in 2022, featuring new flooring throughout, updated furniture packages, guestroom modernization, new decorative lighting, 50” televisions, new bathroom vanities, exterior repainting, renovated common areas, and a new suite conversion.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning C-1
Interior
Hot Water Other
Heating Heat Pump(s)
Cooling Heat Pump(s)
Heat Source Electric
Exterior
Garage Spaces 74.0
Water Access N
Accessibility Other
Total Parking Spaces 74
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Tax ID 334-13.00-178.02
Ownership Fee Simple
Special Listing Condition Standard
Steve Vargas
Team Leader/ Associate Broker/ Owner of A Refined Mindset Coaching | License ID: 0225224352-Virginia 678920-Mar